KarenKhine
3 posts
Jun 09, 2025
12:13 AM
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Crypto lending income complicates capital gains tax crypto, as interest earned is taxed as ordinary income at 10–37%, while asset appreciation triggers capital gains upon sale. Unreported interest draws heavy scrutiny. Experience shows $4,000 in lending income costing $1,200 in taxes, with 20% of lenders audited for missing filings. You must track interest payments, asset values, and internet forums for compliance tips. A $3,000 lending gain might owe $900; a skipped report could add $1,500 in fines. Break the iron, or you’re crushed.
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