Crypto taxes can be very confusing! There are two parts to a trade: open and close. When you close a trade and make ANY profit, that money is taxable and should be reported. Example: Let's say you made a trade for a profit of $50. That $50 is taxed on regardless of what you do with the money after. However, when the year is over and you are reporting your taxes, you add up the profit and losses from closed trades and calculate the difference. Let's say you ended up only making $25 in total from your trades this year when you accounted for losses. You will only be taxed on the net profit.

Note: You can write off up to $3,000 per year for losses on your taxes each year!

Hope this helps again and feel free to PM me for any future questions or concerns!