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RE: ADSactly On ADSACTLY - Part #39 - Taxation of Crypto - Part #2
While I firmly believe tax should be paid on crypto converted to fiat or exchanged for goods and services, I honestly have no idea how any govt agency can prove your transactions, let alone accurately track them.
I will be making my best effort to pay tax on all conversion to fiat and spent crypto. Other than that, I guess I'll just wait for the audit.
I am agree with you on this tax paying topic.The reception of tax by government will definately increase the trust on crypto currency.so it's future will become automatically bright..