Kalen
#1
How is buying/selling security tokens handled in US taxes? Specifically Nexo Tokens.
Is it just treated like buying/selling any other Crypto, ie BTC?
Are dividends paid out taxed similar to Crypto interest earned?
Are there any special requirements to hold them, similar to holding a security?
shehan
#2
How is buying/selling security tokens handled in US taxes? Specifically Nexo Tokens.
Buying is not taxable. Selling is taxable.
Is it just treated like buying/selling any other Crypto, ie BTC?
Correct.
Are dividends paid out taxed similar to Crypto interest earned?
Correct.
Are there any special requirements to hold them, similar to holding a security?
No.
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