You are viewing a single comment's thread from:
RE: Steem and Taxes ... don't get F**ked by the IRS
That is a really good point! I hadn't considered that, but it does look like it's a non taxable event. I could theoretically trade between bitcoin and Steem and even Tether and it's not a taxable event until I go to USD.
Yeah, my whole 'tax plan' was just noting my initial deposits of fiat currency used to purchase crypto and then in the years where I sold crypto back to usd i would record that as a capital gain/loss.
Will revisit the topic when tax season rolls around next year but appreciate you bringing this topic up and flagging some potential pitfalls.
Really like your content, just joined recently and came across you "Top 6 Mistakes Minnows (New Steemit Users) Make" when I was trying to wrap my head around Steemit!
I was keeping track of every transaction...although I'm not sure it's needed anymore.
Hi @financialcritic I've Published a post about you, check it out if you can, thanks.
32 Best Steemit Bloggers Of The Day To Follow 27th July 2017
https://steemit.com/steemit/@jzeek/32-best-steemit-blogger-of-the-day-to-follow-27th-july-2017
Thanks, will check it out!