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GalakPizza
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if you buy crypto for fiat, you must report it on the pit-38, then the purchase amount is your cost. When you eventually sell the crypto, you can deduct the purchase cost from your income tax. How else will you show the tax office that you incurred the costs of purchasing crypto?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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