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Crypto Tax Reporting (Made Easy!) - bitcoincryptonite.shop / bitcoincryptonite.shop - Full Review!No, transferring cryptocurrency to Trust Wallet is not taxed as long as you transfer between your personal wallets or exchange accounts. How do. Cryptocurrency used or traded on Trust Wallet or any other platform is taxed as property by the IRS and is subject to capital gains and ordinary income tax. Trust Wallet has teamed up with multiple crypto tax services to simplify crypto taxes. This tax integration is an optional tool for people that.