RE: IRS requests Bitcoin users pay them back

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IRS requests Bitcoin users pay them back

in bitcoin •  7 years ago 

What happens when I sell my Steem Dollars (SBD) for Steem and earn 100 % but leave it all in Steemit ?

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7 years ago by

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      ·  7 years ago 

    Still paper profits, so they don't count I would think.. No crypto counts until you convert is to FIAT

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        ·  7 years ago 

      What about straight transfer within Steemit ? for goods or services ?

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          ·  7 years ago 

        If you are at any point "selling" your coin for something else it would be taxable. If I sold BTC to buy LTC, any gain on BTC prior to the sale would be taxable.

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