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RE: Is Transfering Funds From Coin To Coin A "Taxable Event".....???

in #bitcoin7 years ago

Nice video taco. I was just sitting wondering that very question of taxes and crypto currency. Right now it’s something I don’t have to worry about since I’m messing around with basically ten bucks but It’s useful knowledge.

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yea im barely scratching the surface myself and as most people are looking how to invest and gain, I feel a large percentage of those people are failing to look at this end of the crypto world.. interesting stuff going on daily. 2018 will be a groundbreaking law making year for the exchanges, alt coins, wallets like coinbase ect

Just wait when most of the people speculating and trying to trade in and out take big losses. It goes both ways. If you have a gain, taxes. If you have a loss, it offsets your other regular income to reduce your taxes.