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RE: US Residents and Crypto Taxes. Live Interview with Andrew Gordon discussing the current tax regulations for 2018

in #crypto7 years ago

Great info here. I hate to see how hard the space is going to be cracked down with taxes. All these complications in reporting are unfortunately going to have an adverse impact on the ability to use crypto as a currency, which is too bad.

If every time you bought something with fiat you had to claim it on your taxes it would tank the economy. Hopefully the space can overcome the regulation. Gotta take the bad with the good I guess.

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Yea. Listen to the part about how they record the 1099K from Coinbase. Nobody is sure so how do we prepare?