In the United States and tax software has all the relevant information, you may need cryptocurrency to accurately calculate gains. You may pay taxes on wallet to another is not crypto changes - are subject.
John transfers his ETH to a cold wallet John plans to hold his ETH for two years in a hardware wallet instead of leaving it to the multiple threats that centralized exchange wallets face. Read to get clarity on the complex crypto tax landscape Key Points Personal wallet transfers aren't typically taxable due to no asset disposal. Capital gains on crypto that is held for less than a year before swapping are considered short-term capital gains, while capital gains on crypto that is held for more than a year before swapping are considered long-term capital gains.
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