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RE: Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 1

in #taxes7 years ago

Interesting. I don't know Russian tax law, but I suspect this will lead to cryptos being taxed frequently as speculative vehicles, the same way Forex trades would be taxed. However, being legally classified as currency can sometimes also carry advantages - for example, the special taxation benefits on US Gold coins in the US due to their status as legal tender (they trigger less IRS reporting requirements than foreign gold coins).