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RE: ADSactly On ADSACTLY - Part #38 - Taxation of Crypto - Part #1
The only way to tax crypto that makes any sense is to tax any capital gains when your sell them for fiat. In Finland, Steem rewards are taxed as income tax because they are rewards for work. And they are taxed only when you exchange them into euros. I don't know whether you need to take fluctuations of STEEM and SBD value into account.
Working out how much you owe in taxes is a bitch. Maybe we should just move to a crypto tax haven after retirement and cash out only then...
I agree! That’s one of the main reasons I buy crypto and hold it long therm. I invested only what I’m prepared to loose. This way I avoid potential stress due to volatility.