Wow taxes I have not even thought of taxes in relation to Splinterlands. I am not even remotely there yet but I plan to be eventually. I can't wait to explain to my account that I make X amount of dollars per day from a game I play lol
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Yeah I think the bare minimum is to track what you invest into the game, and what you take out. Once we get something better to track every single battle win, rentals, market purchases, etc..., then a more fine detail tax amount can be created.
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No, I have not treated Hive like a proper business, no real reason, I just got into a training mode. What I have done is make an investment plan for the next year, and also schedule about 5 hours a day for Hive activities.
It is time for me to change my mindset about Hive from hobby to business. 👍
Sounds like the tokens are basically treated as a dividend-paying common stock.
Now we are into territory that is beyond my current level of proficiency.
It is great to get all of that passively. 👍