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RE: How Newly-Passed Tax Reform Hamstrings US Cryptocurrency | An ELI5 w/ Examples |

in #bitcoin6 years ago

Great article @fonsolo !!
Thanks for posting this to/for the community!
If I'm understanding correctly about this new tax law... so basically any "actionable" event you take in crypto whether it's asset-to-asset, asset-to-cash, sell & repurchase the same asset, will be considered a taxable event?
Haha, I just have to shake my head sometimes.
Can't wait to see how EOS may unshackle us from our U.S. overlords.

You know, just as a side note... since you seem interested in this space and seem knowledgeable with law and tax code (to an extent)... have you thought about or considered getting into lobbying for the Crypto industry?
This space could GREATLY use the representation from great people like you!!