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Arizona pay taxes in bitcoin

Arizona pay taxes in bitcoin

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You DON'T Have to Pay Crypto Taxes (Tax Expert Explains)
Should the bill pass the legislature, Arizona voters will decide whether virtual currency is tax-exempt as part of a November ballot. [3] Specifically, taxpayers can now use a state portal to pay a variety of taxes with cryptocurrency, including individual income tax, business. All that Arizona receives is a tax on any gain in the assets' value after the airdrop. If you're fortunate enough to receive airdrops while.

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As such, the state currently does not address the sales and use tax treatment of transactions involving crypto though, like Wyoming, a money transmission license is not required courtesy of changes made to House Bill Massachusetts does not specify whether or not purchases of virtual currency or bitcoin are taxable. As a result, using cryptocurrency to pay taxes at the state or local level may trigger federal capital gains taxes. Broker Cost Basis.