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RE: Steemit Needs: Please comment with your ideas to improve Steemit!! | E. 6 | June 8th, 2017 | Community Engagement | Archives to help Community / Developers.

in #steemit7 years ago

If I understand correctly, you are looking for some way to easily determine your "basis"? This is such a new area when it comes to taxes, we'll likely have to treat it all as an asset with a basis of zero. Unless you actually bought STEEM or STEEM POWER with BTC.

Agreed, some form of reporting (possibly separate module) that goes a bit farther than the Transaction list you see under your Wallet.

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Well Since my understanding of accounting is embarrassingly flawed, I’m not sure I will explain that exactly right but let me try: In countries where cryptos are not fully regulated yet, they are considered an asset, not a currency, so payments in crypto are actually barter trades. Thus, if you have income in crypto and the value of the crypto increases all the time, you have to be able to separate the “income” part from the “value change earnings” part. Hence what I am asking for, which will provide the raw data for doing that.