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Pa taxable

Is the sell of coinbase and robinhood transactions taxable in PA?  TIA

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HelenC12
Expert Alumni

Pa taxable

Yes, cryptocurrency is taxable in PA like any other type of taxable income. It's taxable if you receive it as payment or have a transaction where you sell or trade it. If you just buy it and hold onto it, it won’t be taxed until you do something with it.

 

For additional information, see Who must file a Personal Income Tax return in PA?

 

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1 Reply
HelenC12
Expert Alumni

Pa taxable

Yes, cryptocurrency is taxable in PA like any other type of taxable income. It's taxable if you receive it as payment or have a transaction where you sell or trade it. If you just buy it and hold onto it, it won’t be taxed until you do something with it.

 

For additional information, see Who must file a Personal Income Tax return in PA?

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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