Crypto Taxes - The Structure of to Day's Episode

Cashing out isa, probably most frequent transaction that cryptoss come across. Cashing out is essentially you now selling your crypto into cash throughan exchange. Lets say you purchase one bit poin for ten thousand, and you're selling it for 50 thousand. Ah, in that case, you would have the capital gain taxes on fort thousand dollars worth of gains. So thats consection one, ok. And does it matter, or how do i think about in a long term versus short term when i'm cashing out after a year? Visav, taxes. All right. We've got five sit ations where you're going to owe crypto taxes in some way, shape or