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The tax accounting isn't that complicated. I don't have anything specific to point you to, but for the most part, cryptocurrency assets will be treated like any
by philipodonnell 9y ago
The tax accounting isn't that complicated. I don't have anything specific to point you to, but for the most part, cryptocurrency assets will be treated like any other asset like a stock or bond. If you sell it for more than you bought it for then you owe taxes on the difference in the tax year you made the sale.
The only reason it seemed complicated is people were trying to gimmick their way out of it by making complicated arguments for preferential tax treatment. This is always the way it was headed IMHO.