Quote from: princesocapuyo on February 28, 2018, 07:36:26 PM

Quote from: puremage111 on February 28, 2018, 05:19:13 PM

Quote from: NScryps on February 28, 2018, 02:44:13 PM

Hi.

i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.

however i think it's an issue need to be dealt with.

1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's

WHAT SHOULD I DO??

No, i don't use accounting service
No, i don't document every trade or bought transactions as there are really too much
After selling to fiat, i always donate out 5-10% of my money to charity to help the world.
I believe when they got their aid or help, they become wiser and they will soon touch blockchain, this makes world a bigger and better place

This sounds like a good plan. Donating is better than paying taxes I guess. Government rarely do anything good for us anyway.

Yes, giving is a good idea. But even if the law does not regulate it, you probably have to pay capital gains tax.