Got into crypto in November and didn’t know that I had to pay taxes for converting crypto to another crypto. Do I pay taxes if I lost money when I converted. Let’s say I bought 50 dollars worth of eth and convert it to Bitcoin but eth went down and the Bitcoin I have is only worth 40 dollars?

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  • rp2

    Privacy-focused, free, open-source cryptocurrency tax calculator for multiple countries: it handles multiple coins/exchanges and computes long/short-term capital gains, cost bases, in/out lot relationships/fractioning, and account balances. It supports FIFO and it generates output in form 8949 format. It has a programmable plugin architecture.

    Converting from a crypto to another is a taxable event. RP2, the privacy-focused, free, open-source US crypto tax calculator can help you with this. Also check the RP2 FAQ about crypto conversions.

  • InfluxDB

    Power Real-Time Data Analytics at Scale. Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.

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