Yesssss!! Another DnB head! Thanks for checking this one out, you're an OG in DnB then, the era of Bukem et al? I'm more in to the liquid funk myself, used to have a livestream monthly show the last few years but the station we were broadcasting on went under and we stopped it in December. We may spin back up again but think we're taking the time to recharge and come back later in the year!
Oh yeah, the Hive taxes are a law unto themselves. I've basically gone for the route of 100% power up with posts and comments, it's only when a power down completes that I'll need to worry about income tax after speaking to HMRC earlier and my accountant friend. Anything that comes in to your account from another account (i.e. an account you don't own) is taxable but if it's from an exchange then it's just a transfer (not taxable). Regarding Hive-Engine, tax calculators don't recognise the value of those tokens and the markets are so thin that prices can fluctuate more than BTC! So I'm going for the approach that whatever I withdraw from H-E to my Hive account will count as income at the moment because it's impossible to know the value otherwise, unl. However, I'm now just going to be drastically reducing my taxable events and frequency of moving things around!
Having said all that, HMRC didn't really seem to want any info other than just the headline amount to declare as income and capital gains profit/losses. It's always good to keep track of all your crypto movements though! I guess you're from USA or UK - set yourself up on Koinly, it will sync a lot of exchanges automatically and HiveSQL is a great tool to pull data off the chain should you need it!
But if you're unsure, definitely speak to an accountant or HMRC/IRS/Your local tax authority for clarity!
Anyway, I'll be posting more DnB and Trance tunes for sure!
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Yeah, LTJ Bukem, Aphrodite, DJ Dara and so many more. Great time for dNb for sure. Loved the jump up style stuff.
Thanks for the HiveSQL info, I'll look into that for sure.
Ah the jump up stuff, a little too heavy for me but if one dropped into a mix that I was feeling, I wouldn't be too upset if it's mixed in right! Nothing wrong to break up the liquid vibes with a little filth!
No worries, if you have any questions, just shout out!