RE: ADSactly On ADSACTLY - Part #38 - Taxation of Crypto - Part #1

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ADSactly On ADSACTLY - Part #38 - Taxation of Crypto - Part #1

in adsactly •  7 years ago 

If I begin a session of poker at the Commerce Casino with $100 US Dollars, then buy $100 in casino chips, and then win and leave with $600 in casino chips, I still have a profit for the session of ($600 - $100) = $500. I owe tax on the $500 of income, whether I cash out the chips or not.

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7 years ago by

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