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paulsakalas
over 5 years ago
Lexis® Legal Advantage
FAQ
What is the Capital Gains Rate for Cryptocurrency?
For starters, if you didn’t know cryptocurrency is taxable, please read this . Since it’s not officially issued by any country, the IRS doesn’t view cryptocurrencies (Bitcoin, Litecoin, etc.) as a currency. Instead, it’s seen...
paulsakalas
over 5 years ago
Lexis® Legal Advantage
FAQ
Are Punitive Damages Taxable?
In a lawsuit settlement, the plaintiff can often be awarded for both compensatory and punitive damages. Punitive damages can be seen as a “punishment” of sorts to the defendant in the lawsuit, as a way for the Courts to assign a dollar amount...