RE: Calculate how most significant tax reform bill in decades will effect you

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Calculate how most significant tax reform bill in decades will effect you

in life •  7 years ago 

That depends on if you are trading crypto, the bill ends a tax break for crypto trading by no longer allowing crypto for crypto trading to be considered "like-kind exchanges" so you will now have to report and pay for gains on every transaction even if it is not for fiat: http://www.chicagotribune.com/business/ct-biz-bitcoin-gop-tax-bill-20171221-story.html

life
7 years ago by

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      ·  7 years ago 

    Pure Greed. Crypto was meant to thrive outside of government regulation. That news just hurts. They certainly will mess up a good thing. Don't like prosperity outside of their "clique" and are scared because the crypto world takes away their power of the people.

    I appreciate the link.

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