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RE: Steem Taxes

in #taxes7 years ago

This is an important topic. I think less than 1% of returns get audited, but if income is in "spooky internet money" or if you're on the "wrong wing" of the political spectrum, its handy to have such a tool.

A lot of people here, including me, view it as a property issue, that you don't report it until you redeem it for fiat currency. I will have to consider this, and talk to some of my friends that do taxes for a living. For a guy like Jerry, whose main income seems to center around cryptocurrency yeah, better to play it safe!