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Hello Steemians
In the USA we have a saying; The only things in life which are certain are death and taxes. I hope that doesn’t sound to morbid.
I read a good article which cited two sources for software, which helps you down load trade data from exchanges to allow you to calculate your gains and losses. I like the idea of software that downloads all my transactions from the exchanges I use to help me calculate my gains and losses for my taxes. Then sends a report to my tax software, so I don’t have to manually enter each trade. That’s a big timesaver.
The link to the article is here: https://steemit.com/bitcoin/@guysellars/think-you-might-owe-taxes-on-cryptocurrency-transactions-for-2018-help-is-here
Thanks
@shortsegments
Having to pay for each transaction you do where you have had profit seems like an insane amount of work. Especially if you are trading. Where I live we have to pay 33% on our profits, but only if we cash out (except if you trade a lot, than the tax is A LOT higher). I don't plan to EVER cash out to fiat. I believe in a short while everything can be paid for in crypto.
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Your very fortunate.
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I think this is good.
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Thanks
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Pretty much love that software also. The work the software does
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Hi @adenijiadeshina, it seems to be great software. I was wondering how I was going to calculate crypto gain and loss.
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Thank you for the mention @shortsegments. Much appreciated.
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Your welcome. Good post!
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Thanks for sharing nice blog.
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Your welcome.
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If it is solely his income from digital money trading, I don't know what the treatment is like, but if I don't think I can use SPT 1770 and enter into other income.
please correct if wrong
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I am unsure.
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crypto taxation is probably a new idea for now
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Yes
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In my opinion we must be good citizens by paying all taxes. Not unless there is tax in the Cryptocurency trade.
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Yes, we must pay all lawful taxes.
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with taxes, crytocurrency will be very helpful, this is very good
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Thanks
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I think this is good and friendly.
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Thanks
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Hopefully one day we all have the "problem" of earning so much from crypto that we need to pay taxes on it.
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LOL 😂👍
That’s a good “problem” to have !
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I think it's fine to pay taxes on crytpo if we get returns..
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@shortsegments purchased a 5.82% vote from @promobot on this post.
*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com
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This post is supported by @tipU upvote :)
@tipU voting service always profitable, instant upvotes | For investors.
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You got a 57.48% upvote from @emperorofnaps courtesy of @shortsegments!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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