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<p>[QUOTE=&quot;TopcatCoin, post: 1241880, member: 22746&quot;]If I buy a coin for $100 and sell it for $600 (net $500 profit), does that mean it is exempt from capital gains tax and not reportable?&nbsp; </p><p><br /></p><p>Also, is this rule per transaction?&nbsp; If I buy 10 of the above hypothetical coins for $100/each ($1000 total) and sell them for $600 each ($6000 total) and now have a $5000 profit, it that reportable?&nbsp; Does it matter if I sell them to one person or to 10 different people?[/QUOTE]</p><p><br /></p>

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