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April 3, 2025
Question

WHEN YOU EXCHANGE A CRYPTO COIN TO STABLE COIN AND THE CRYPTO COIN WAS IN PROFIT OR LOSE WHAT SHOULD I DO IF WAS NEVER EXCHANGE FOR FIAT MONEY?

  • April 3, 2025
  • 1 reply
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    1 reply

    April 3, 2025

    When you exchange a cryptocurrency for a stablecoin, it is generally  considered a taxable event, even if you never exchange it for fiat money. 

     

    To enter transaction related to crypto in TurboTax see here. See here for TurboTax guide on Crypto..