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RE: US Tax Considerations – Cryptocurrency Tax Workshop for Novices (Courtesy of the Rocky Mountain Steemit Accelerator)
Outstanding thing you're doing, wish I was able to attend. Not sure if I can attend the RMSD either, but I'll try. This is important info and I'm honestly irritated now that I've learned I may have to pay taxes once I trade one crypto for another. Not sure why that triggers Uncle Sam getting a cut of your fiat.
I'm sure you'll be touching on that, so I hope it will be recorded and available to watch after the fact. I'm sorely unfamiliar with my tax liabilities and wrongly assumed I wouldn't need to worry about it until I sold into fiat... which seems logical, but not how it works because nothing about how our federal government deals with money is logical.
@aksounder thanks for the interest and I’m sorry you cannot make it to the workshop. Originally I did not intend on recording the Workshop, but I may look into it after I return from a business trip later next week.
Honestly, I did not expect this much interest around a tax workshop.
Thanks. I'm very interested, as it seems many others are. It would be great to understand my tax liability when it comes to Steemit payouts. It doesn't make sense or seem fair if I have to pay taxes as income on a curie upvoted post at the time of payout if SBD is worth $10 USD, and while I leave that payout in my wallet over the next two months SBD drops back to $1 USD. That "income" now won't even cover the taxes I have to pay from earning it.
The fact I don't know the answer to this scenario makes me very interested in your talk. I'll try to make it online. Putting it on my calendar!