Quote from: MFahad on January 18, 2017, 03:56:28 PM

Quote from: aioc on January 18, 2017, 01:26:27 PM

Quote from: blacksmithtm on January 18, 2017, 01:08:54 PM

Hey

How do you calculate taxes on alt-coins bought and sold with Bitcoin? For example if i bought 10 bitcoins worth of Monero, and monero rose 10% and i decides to sell for that extra bitcoin, how does that become taxed? Furthermore if/when i decide to sell the 11 bitcoin i now have for fiat, how might that be taxed? Thank you in advance.

Taxing who is taxing the altcoins the government has no control in these altcoins and I am not aware that there are ongoing taxation in the altcoin industry I also want to know the percentage,so I can use it as guide in my trading.

Yes, there is no tax on bitcoins or the altcoins. All of them are tax free. I think OP is referring to the trading fee which most of the exchange deducts when we trade the coins. It is not a tax but a detection for performing the transactions on their exchanges.
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agree in fact there is no tax on any crypto currency either it is bitcoin or any other alt coin, all of them are still tax free and can say that the main reason will be that crypto currencies are not legal anywhere and therefor there is no rules to impost tax on any illegal item, therefore the government have to consider bitcoin al legal if they want to get tax on bitcoin.