I just had a meeting with my CPA. He informed me that every crypto trade, whether crypto to crypto or crypto and fiat is a taxable trade. The author is correct.
RE: Every crypto transaction in 2018 is a taxable event, as per the new tax law
You are viewing a single comment's thread from:
Every crypto transaction in 2018 is a taxable event, as per the new tax law
so how are they going to go when you start actually spending your crypto? is every $3 coffee that i use VTC to pay for going to be a capital event?
and the fact of the matter is - there is no record of these crypto trades. Once you're in the blockchain you're pretty much untrackable - unless start to expect exchanges to report activities - and then it gets even trickier because you can use almost any exchange in the world.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit