Cryptocurrency and taxes. It is controversial topic. Noone want to pay taxet especially for bitcoin. Now this is a very profitable business and soon the government can introduce taxes on cryptocurrency nevertheless. But we can`t "touch" or "hold" it so in what way cryptocurrency might be taxed?
In my opinion, cryptocurrency may be taxed in the same way as a program or any sale or purchase transaction. Regardless of what you are selling, if you are profiting, you are required to pay tax.
What do you think?
Yes, it seems that easy-to-understand scenarios about taxation and cryptocurrency are as you say. that is, the profit from the sale and purchase or investment of cryptocurrency is taxable of income.
In my opinion, there is no special calculation of the investment bitcoin and other cryptocurrencies. all Normal course, the difference between the sale price and the purchase price is the profit that can be the object of income tax.