gwei_omega

Thanks! Did some digging and feel more confident about this now. Appreciate the help.

Thanks for all the replies. My real question is, can exchanges collect taxes, or is that only the government’s job? I tried to withdraw some profits, and the exchange said I had to pay capital gains. Seems shady to me.

Need some clarity on taxes from crypto profits. Just got into crypto and made a few trades that were profitable. I assumed the platform would report to the IRS, but I guess I’m responsible for reporting it when I file…