Quote from: |Bitkoin| on July 27, 2017, 06:46:33 PM

Quote from: ssnova on July 27, 2017, 04:54:17 PM

Probably not a popular subject, but something that should be discussed since we don't live in a free market.

Just opening up a general discussion on it.

Bitcoin and altcoins are no different when it comes to taxes. Sure, they are different coins (obviously), but whatever you make must be reported, legally speaking, to your respective government.

Personally I think it is a bit complicated given the nature of the crypto market (extremely volatile), but in any case it does not exclude anyone from their legal financial obligations.

Agreed, do things legit and as right as possible, which is why I thought it'd be good to open discussion. Since it is new, even though some posters say it's just like capital gains property, there are other complex things like shapeshifts/direct exchange (coin to another coin), etc.