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RE: 8 Digital Currency Exchanges with USD to Bitcoin!
As usual, more great and informative stuff!! Don't know if you've done a post around tax consequences of buying and selling in the crypto world. I know it depends where one lives, but since just up the road from you in Georgia, obviously I'm concerned on tax liability in the US. There seems to be a lot of conjecture and confusion around this subject, and I figure one as enlightening as you can help us out... :)
Yes I have a tax system I am using to record the income each time I redeem rewards as explained at https://steemit.com/steemit/@jerrybanfield/steemit-tax-calculation-and-payment-system because this was one of my first concerns as well! In summary I record all the income I get in rewards on the day I get them as taxable!
Jerry....that is frickin great...thanks for replying and telling me about that. Gonna head over to your post about that. One last question.....since I'm only here because I follow your channel, do you recommend I put all my steem tokens into my steemit wallet, then convert it over to Steem Power?