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RE: Vlog #25: My crypto tax thoughts. It sure will be interesting this year if it keeps going up.

in #life7 years ago (edited)

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.

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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!