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Crypto Futures Trading Tax Implications
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== Tax Implications of Crypto Futures Trading in 2023 == Taxation on crypto futures trading varies by country. In general: - **Capital gains tax**: Profits from trading are often subject to capital gains tax. - **Income tax**: In some jurisdictions, trading income is taxed as ordinary income. - **Reporting requirements**: Keep detailed records of all trades for tax reporting. For US traders, the IRS treats crypto futures as property, meaning gains and losses are subject to capital gains tax. European traders may face VAT or income tax, depending on their country’s laws. Always consult a tax professional to understand your obligations under [[crypto futures trading tax implications]].
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