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RE: Income Report for June 2017! $29,154 Profit on $41,633 Earned and $12,479 Expenses!

in #money7 years ago

Jerry, if you are not selling everything you pay taxes on, aren't you afriad of getting loses back at the end of the year (if they should add up). Lets say steem is at $.50 on Dec. 31st and you paid all these gains on all these coins you made through the year, how are you going to explain to the government (that don't understand crypto to begin with) these loses? I really feel when it comes to the steem part of your income you only claim once sold or this can turn into massive confusion, when I know all you want to do is the right thing!

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