You are viewing a single comment's thread from:

RE: US Tax Considerations – Cryptocurrency Tax Workshop for Novices (Courtesy of the Rocky Mountain Steemit Accelerator)

in #steemit7 years ago

I'm really glad you're doing this. It's a real mess trying to figure these things out, and with crypto as new as it is, I imagine taking your records to H and R Block or something doesn't exactly guarantee it's being done right.

Sort:  

@jrhughes glad to do this for the community as a whole.

In terms of your local H & R Block, I would imagine it would really come down to a question of whether or not one of their tax experts has decided to focus their practice into this area. When I started trading my first Bitcoin in 2013, it became a niche for me simply because of my own needs - there was no client demand at that time.

Nowadays, cryptocurrencies are becoming somewhat more "mainstream" with crypto experts everywhere. I'd be surprised if H & R Block did not have at least a cursory class on taxation of cryptos for their tax pros. Personally I'm not advocating for or against H & R Block. Find a tax advisor you can trust and is licensed (CPA or EA). That's my opinion.