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.
As of this moment, I never heard tax is being implemented in some altcoins in bitcoin or cryptoworld. Tax for now is being use in any altcoin that what I know about it. because because most of the altcoins are same with bitcoin in terms of being anonymous, and being decentralized too. it means none of the any company nor the government cannot control it.