The thing with crypto, you can lose those 'earnings' a few weeks later. I had £600 in BTC, a month later that was £300. How could you report that to IRS in any meaningful way?
RE: Taxpayers to report crypto earnings on their Income Tax Returns
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Taxpayers to report crypto earnings on their Income Tax Returns
What I understood that you would be liable to pay tax only if you convert it to fiat currency. Before that it will be considered as invested amount.
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