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RE: Steemit Tax Calculation and Payment System

in #steemit8 years ago

I'm still confused as to how the IRS can categorize Steem or any other cryptocurrency the way they do. It seems much more logical (I'm sure that's where I'm going wrong, this is the IRS we are talking about) to categorize cryptocurrecies as investments, just like stocks. We should only be taxed when the underlying asset is sold. But hey, that's just my two cents.

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