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RE: US Tax Considerations – Crypto to Crypto Trades: Trading Bitcoin and Altcoins
This is so confusing. Great article and it's going a good point-of-reference for those who use exchanges. It sounds like I'll mark my taxes when I put money on my BitPay card, but I did not notice much attention on using purse.io/ or paying for electricity. That could be a useful following. Nice job!
@urbanist thanks for taking the time on a Sunday to read through and comment on a tax article of all things.
I would advise speaking to a tax pro and determining the best solution for your case in the event there are any questions. As a licensed tax pro, I'd like some clarity already otherwise it comes across as a game of gotcha.
Thanks! It's all very interesting because I want to pay my taxes as a part of the social contract and then bitch when they spend them poorly! Mostly, I just want to make sure everything's on the up-and-up. I'll probably be talking to a pro -- though few even know the term bitcoin I would imagine. My attorney still calls it "bit-com"