Post
Topic
Board Altcoin Discussion
Re: Crypto and Taxes?
by
Futourist
on 04/01/2018, 10:18:46 UTC
Hi,
Does anyone have an understanding of how taxes work with cryptocurrency?

I read about capital gains tax, but what if the BTC i have was donated to me at first?

Depends on the jurisdiction. In most of them things are still undefined. In my country donations are still in the grey area, since it's hard to separate those from money laundering. Gifts here are taxed anyway, so I'm sure crypto donations will be too.