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RE: Paying Bitcoin Taxes!

in #bitcoin7 years ago

According to my knowledge you have to pay taxes when chashing out with profit.

Its a longterm investment.

If somebody should pay taxes for profits, then it should be possible to get tax release for losses. Not my intention. Relative high fees for buying and selling #cryptocurrency Goverments should recognize #crypto as money before complaining about taxes.

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According to the email, it's possible to get tax release from losses.
and even thought I agree with you that government should recognize crypto , however still the fact that by law they are requesting taxes and what can you do but to pay them?

Yes, payback in crypto.