T-Mobile offers nationwide 5G service, and that's been extended to MVNOs like Mint. A starter kit is available at Amazon (opens in new tab) for $5 so that you can test out the service with 100MB of LTE data, 100 text messages and 60 minutes of talk time to see how coverage is you get the $5 as a bill credit if you sign up for the service. To that end, Mint provides a map on its website (opens in new tab) that will help you determine if the service will work for you. Still, it all comes down to coverage and Mint's availability in your area. In years where these losses are substantial, they can be carried forward to offset future gains.Ĭryptocurrency is taxed when you receive it as payment or have a transaction where you sell or trade it.Mint Mobile coverage map (Image credit: Mint Mobile) You can apply those losses against other capital gains to lower their overall taxable profit. Because you can ignore the wash sale rule, you can sell coins during market declines to reduce losses and then quickly buy back those coins as prices bottom out. This means crypto has the same trading rules as precious metals including gold and silver or “real” currencies such as the British pound or Euro.Ĭryptocurrency is volatile and prices change rapidly. Securities are regulated financial instruments with rules to protect investors. This means crypto follows the same rules as stocks and bonds-you pay tax if you sell, exchange, spend or convert crypto for more than it costs you, and deduct losses if you receive less than what you paid.īut unlike stocks and bonds, crypto is largely unregulated, so cryptocurrency isn't a “security”.

The IRS classifies virtual currency as property. Cryptocurrency is exempt from wash sale rules.

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