Are crypto trading fees tax deductible

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Crypto Taxes Explained For Beginners - Cryptocurrency Taxes
You typically can deduct the fair market value of your cryptocurrency at the time of charitable contribution, and you don't have to pay capital. By opting for the standard deduction taxpayers can adjust their cost basis and proceeds amount to account for cryptocurrency exchange fees. Fees incurred simply by transferring crypto assets among accounts or non-custodial wallets likely provide no tax relief because they are not directly connected.