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RE: Steem Taxes

in #taxes • 7 years ago

STEEM isn't received "as income" and it's not classified as currency.

In any case, I don't even care - as I stated multiple times. I'll just report my Dollar earnings however I choose to report them. I'll let the bureaucrats figure out how to proceed after that. I'm not going to fret over it. I have better things to do.

7 years ago in #taxes by
$0.04
  • Past Payouts $0.04, 0.00 TRX
  • - Author $0.03, 0.00 TRX
  • - Curators $0.01, 0.00 TRX
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     7 years ago 

    The IRS clearly states that it considers receiving anything of value in return for performing tasks (aka work) as income. As I've said before, think "stocks".

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       7 years ago 

      Does this include receiving food for work performed?

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         7 years ago 

        IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply
        https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidance

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