New IRS 2018 Tax Code Screws Crypto Traders!

in irs2018 •  7 years ago 

New IRS 2018 Tax Code Screws Crypto Traders!

The new US IRS 2018 tax code that we all thougt would be great. It changes things so that every trade is now taxed and the tracking of these transactions is INSANE!

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Yeah... kinda like when someone sells Walmart stock and then reinvests that into Target stock. Why do crypto people think is such a foreign concept?

Seriously, if this is too complicated for you then you should probably just hold your positions or get out of cryptocurrency completely.

My advise to you is to go out and buy Microsoft office, create a spreadsheet, track your transactions, and stop freaking out.