Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
CryptoCharlie
on 24/12/2017, 06:48:27 UTC
the question I have is this

mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax

but

If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash

and no like kind?

or did I miss something

(if above is correct now I know why BTC and cypto's are crashing)

in USA



Few people pay tax from there bitcoin holdings. And no it doesn't work that way either.

I am fearful that what he says is close to the truth:
https://dcebrief.com/tax-reform-law-eliminates-crypto-tax-loophole/