Taxes on crypto

[desperateskinmaxxer]

Does anyone know how crypto affects taxes. Or how they are taxed. Like let’s say I had $100 in crypto and it 10x and got to 1k, how would that be taxed. Or if I had $150 in crypto and sent it as a payment for something, would that be taxed and how would it be taxed?

 

[chudlite]

i think @PsychoDsk knows more

 

[desperateskinmaxxer]

Does anyone know how crypto affects taxes. Or how they are taxed. Like let’s say I had $100 in crypto and it 10x and got to 1k, how would that be taxed. Or if I had $150 in crypto and sent it as a payment for something, would that be taxed and how would it be taxed?

(In the US)

 

[PsychoDsk]

Don’t know about us tax regulations
Ask a lawyer or something