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Crypto Tax Reporting (Made Easy!) - free.bitcoingate.shop / free.bitcoingate.shop - Full Review!Massachusetts. No Guidance. Massachusetts does not specify whether or not purchases of virtual currency or bitcoin are taxable. Michigan. Cash. In Massachusetts, you're required to report all taxable events related to cryptocurrency transactions. This includes gains and losses from the. Crypto taxes in the United States range from % depending on your income level. Here's a complete breakdown of all cryptocurrency tax.