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.