You are viewing a single comment's thread from:
RE: Vlog #25: My crypto tax thoughts. It sure will be interesting this year if it keeps going up.
The tax rules regarding crypto currencies are very vague here in the US. I hired an accounting firm who specializes in crypto (one of about 5 in the whole country) to do my taxes last year. I was so surprised at how ill-defined the rules were. I had a hefty bill but I didn't mind, like you, I would rather be transparent from the beginning.
I totally agree. I just want to have this all on the table. I have no interest in fines or worse. I rather pay my tax and be clean. Smart thinking hiring that firm. Atleast, you got it done right!