The Basics of Crypto Taxes

in bitcoin •  7 years ago 

It's that time of year again. Like it or not, if you used cryptocurrencies this year, it's likely that you owe some tax as a result.

"In this world nothing can be said to be certain, except death and taxes." --Benjamin Franklin

Learn more in the video below, but keep in mind that it is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own advisers before engaging in any transaction.

This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!

Make your first deposit using bonus code CHRONOS to get 100% bonus + up to $50 cash.

US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU
Million Dollar Sunday, every Sunday at 3:00pm ET


About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Taxation is theft. I advise people to measure the risks and pay as little as possible, just like how you prevent any other type of theft.

Hey, by the way... What happened with the $50 giveaway? :smirk:

I can't believe how can anyone get fooled by this. So you.. "owe" money to some third party for.. buying something? How can anybody possibly believe that, without some serious brainwashing?

It's theft. Call it by how it is. You don't "owe" anything. Just like you don't "owe" a mugger your wallet even if he demands it at the point of a gun in front of you.