Since crypto merchant acceptance is getting high you could technically manage to never convert STEEM to fiat.
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Since crypto merchant acceptance is getting high you could technically manage to never convert STEEM to fiat.
It is why the Infernal Revolting Syndicate will try to reclassify it as a money, but in so doing they will open a new can of worms which will put them in a bind.
However, although everything i said is the letter of the law, the Infernal Revolting Syndicate has never followed the law. They make it up as they go along.
Further, to explain to everyone who may read this,
if you file a 1040 claiming income from cryptos, it doesn't matter what the law says, you just said, under penalty of perjury, that you earned money from cryptos.