3 ms·
I'm sure the IRS will be happy to answer your question for you. The more complex is the scenario you get yourself into, the more you open yourself to getting sh
by KKKKkkkk1 9y ago
I'm sure the IRS will be happy to answer your question for you. The more complex is the scenario you get yourself into, the more you open yourself to getting shaken down by the IRS.
- Kiro 9y agoYou make it sound like people do this to confuse IRS or avoid taxes. I simply like to daytrade altcoins a lot. Also, I'm not in the US but I'm interested in how this work.
- joosters 9y agoSpeak to an accountant. It's not like any of this stuff is new, people have been trading many different things for many years.
- openasocket 9y agoI imagine it's exactly the same as how they tax currency trading.
- charlesdm 9y agoThis depends on the country.
- freeone3000 9y agoThe IRS unironically is happy to answer this question - https://www.irs.gov/newsroom/irs-virtual-currency-guidance https://www.irs.gov/newsroom/irs-virtual-currency-guidance . Every exchange is a like-goods capital gains event, just like day-trading stocks.