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.
Why would you bother yourself when government that is saddled with the responsibility of collecting taxes has not asked to come and pay tax and even if the government of your country has asked you to pay tax then you shouldnt bother yourself so much about the technicalities because they will know how to do the computation and if you are not ok with it, you can ask for how they arrive at that amount if your tax liability...