Author Topic: crypto blockchain  (Read 116 times)

ValeraSkr

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crypto blockchain
« on: August 13, 2018, 05:17:49 AM »

 
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maybe you take this into account when selecting coins for your portfolio. the bad news  if you use a good exchange and keep track of your trades, taxing bitcoin is possible, but also a pain in the ass. you need to calculate every single profit, not just from trading, but also from using bitcoins to pay for things. but thats just the beginning. things become really a complicated nightmare if it comes to altcoins.  make money at home online for the tax authorities, an altcoin counts like bitcoin. in most countries, this means it is not a financial product, but a property.  if you buy it with bitcoin and sell it for bitcoin, you have to tax the difference, but not in bitcoin, but in dollar or you national paper money. this means, you not only need to keep track of all your altcoin trades, but you also need to take into account the price of bitcoin when buying and selling. obviously, this makes things extremely complicated. 
 
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