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This larger standard deduction highly. This same example applies inversely.
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What are Gas Fees? - Ethereum Gas Fees ExplainedSince the IRS treats cryptocurrency as property for tax purposes, crypto fees are tax deductible. Any time you buy, sell, trade, or mine crypto and incur. If you're buying, selling or trading crypto - you can add the gas fee to your cost basis. If you're earning rewards and paying gas fees - you cannot add the gas fee to your cost basis. The fee itself falls under capital gains (i.e., is classified as a buy/sell).
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