Steem is self-employment income when you earn it (at the rate compared with U.S. dollars on the date of issuance) then when you trade it for other crypto it is treated as property and any gain/loss to that date is a short- or long-term capital gain.
RE: Massive Problem for U.S. Citizens Using Peer-to-Peer Crypto Currency Transfers
You are viewing a single comment's thread from:
Massive Problem for U.S. Citizens Using Peer-to-Peer Crypto Currency Transfers
thank you for this answer. I was about to ask the same thing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@darksidetaino I went into more detail about this subject in my blog here: https://steemit.com/steemit/@cstranger/earning-on-steemit-you-may-have-us-self-employment-taxes-to-pay
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit