Post
Topic
Board Economics
Re: Proper accounting for tax purposes
by
Pintasak
on 05/03/2018, 03:08:48 UTC
What degree of detail do I have to keep in order to properly declare my taxes regarding cryptocurrencies? Every operation, investment or ICO has to be recorded? I also have done a bit of mining and I have no idea on taxes regarding that.
Keep two sets of records for your bussiness is rarely a good idea .bussiness can use the cash method for tax purposes.Some business must use the accrual methld.It recommends for both tax purposes and financial reporting