so does this mean now, that everytime i make steem money or steem dollars, they are taxed, i thought the CEO of Steemit said that steem and steem dollars are non taxable..
RE: Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 2 - The Thin Order Book & Flash Crashes
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Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 2 - The Thin Order Book & Flash Crashes
Unfortunately, this isn't an easy question to answer. It looks like it's going to take me 5 articles, and I do't know if that will even do it.
For starters, it depends on how you made them. If you bought them, it's a pretty clear capital asset subject to capital gains if you hold it over a year, or regular income tax (as a trader) if you hold it under a year.
If you earn it, well, that's why I'm writing these posts - to figure that out.
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