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RE: Coinbase, Bitcoin, IRS?

in #cryptocurrency7 years ago

Just do your taxes. I use quickbooks and have everything done automatically. Crypto income is capital gains, and bitconnect is dividends (15%). File quarterly. Nobody bothers you if you just keep things on the up and up.

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How does Steemit fit into that for you? It is very possible that steemit income will have to be reported as income when it is earned and then if you sell that steem at a higher price than when you earned it you will have a capital gain (or loss) as well.