The IRS has specific rules about when a crypto profit actually becomes taxable, and many holders get it wrong in both directions, either paying taxes they don’t owe or skipping taxes they do.
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Bitcoin (CRYPTO:BTC) holders who experienced a 31% gain in 90 days without selling typically don’t owe any crypto tax on those profits yet. Bitcoin climbed from around $64,083 on July 24, 2026, to about $84,185 on October 22, and many investors watched their balances grow without ever hitting the sell button.
But then they hear the IRS might want a cut of those paper profits, gains that exist only on…
