I just had a meeting with my CPA. He informed me that every crypto trade, whether crypto to crypto or crypto and fiat is a taxable trade. The author is correct.
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I just had a meeting with my CPA. He informed me that every crypto trade, whether crypto to crypto or crypto and fiat is a taxable trade. The author is correct.
so how are they going to go when you start actually spending your crypto? is every $3 coffee that i use VTC to pay for going to be a capital event?
and the fact of the matter is - there is no record of these crypto trades. Once you're in the blockchain you're pretty much untrackable - unless start to expect exchanges to report activities - and then it gets even trickier because you can use almost any exchange in the world.