Post
Topic
Board Altcoin Discussion
Re: Crypto and Taxes?
by
emoji00
on 04/01/2018, 13:18:35 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?

Depending on your jurisdiction it may vary from 0 to anything, but in general: if you receive a donation or a gift that is in itself subject to taxation, so you´d need to pay at the moment you got them. Also capital gains are taxable as you said in most places.