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.
In the first place, I just wanna know where did you get the information that there is ongoing taxation happening in the altcoins industry,because so far I never heard to any news update in cryptonews that there is taxation in the altcoins. and moreover, we are decentralized digital currency.