A brief guide for those who invested in crypto.
An interesting article that takes a look into the complicated world of crypto investing / trading.
A couple of aspects o interest for any crypto enthusiast are:
Types for trading accounts suited for crypto investors.
Bitcoin earnings and associated mandatory reporting.
Tracking crypto transactions and how to do it to avoid headaches.
Successful forks are still subject to taxation.
Mined coins are an asset, too.
Purchases made with crypto are viewed the same as purchases made with cash.
Among the very few ways in which one could eventually stay away from being gauged at every step seems to be never to convert and never to use crypto as money.
But then, what's the point?
Is that what crypto is all about?
The rule of thumb appears to be: if it moves, breathes or produces economic consequences in any amount, it can and will be taxed.
To death.
The rather sardonic and fatalistic proverb still applies:
"Nothing is certain but death and taxes".
If you're intrigued and you want to learn more on the subject, read more about the matter.
Featured article.
Source.
