Quote from: Sierra8561 on November 24, 2017, 05:24:10 PM

Quote from: wavelengthsf on November 24, 2017, 03:27:49 PM

Quote from: minergain.com on November 24, 2017, 01:32:05 PM

I have a question for anyone willing to share. According to the US Tax Authorities, blocks should be reported as income when they are earned or when they are paid (your choice as long as it is consistent). Although this obviously is hard for anyone to track, but I am going to report this to reduce the chance of issues with my other crypto investments that is harder to report (little piggy is cute / big piggies get slaughtered).

As part of that, I am building in historical prices so any of us can import rewards and the system will give you the US dollar (tether) value based on the average price for the day it was found. Going forward, it will have up to the minute BTC prices. I am going to build in international currency tables as well and would like to know which currencies people have interest in and how far back I should go. I have a data source that will give daily values for 166 currencies going forward. I have another with history for 2017 for these currencies: AUD, BRL, CAD, CNY, EUR, HKD, INR, IDR, JPY, MYR, MXN, NZD, NOK, PEN, RUB, SAR, SGD, ZAR, KRW, SEK, CHF, TWD, THB, TRY, GBP, USD, VND.

First off, is anyone interested in this at all? Secondly, would you like a currency other than these? Third, does anyone need this data before 2017?

Id love something like that for BTC and LTC

BTC is considered a commodity in the US I'm definitely not a accountant, but only claim BTC as income when converted to USD.

As a former bank examiner, that's my understanding. While the US Treasury recognizes BTC as a currency, it is "virtual" until it's negotiated. That can be via buying online and paying via Bitpay, or exchanging to a bank. I report when I sell BTC to Bitpay to go on the debit card. While I don't wish to argue with someone's CPA, I think it's a bit ludicrous to try to figure a tax liability on something as volatile as BTC at ANY given point in time, and call it "tax debt." I know three people who actually work at IRS who have told me up front that the agency really doesn't have BTC...or any other coin...under even basic understanding. Their focus is collecting tax, and they want to get it at the earliest possible moment. We'll have to see, I guess.

Re knowing the various exchange rates...here's a good place.

https://bitpay.com/bitcoin-exchange-rates