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My understanding is that cryptocurrency transactions are taxed the same way as regular stock transactions. Not so complex. An I missing something?

Yes, issues such as striking income, mining income, hard forks and air drops. Crypto transactions are FIFO unless you use specific lot identification. Crypto is much more likely to be subject to wash sale adjustments. Finally, if you purchase anything with your crypto, you are creating a capital transaction for an ordinary purchase.

The principles of how crypto currency is treated for tax purposes are similar to regular stock transactions, but the details can be quite different.
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