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??
Our government have not made any clear statement as to how will it address cryptocurrency earnings as of this time (I hope it stays that way...). Though I'm pretty sure our law makers are cooking up something in order to impose taxes and set regulations on cryptos. As of present, only fees for transfers from exchange to wallet and cashing out from our local money exchangers or pawnshops are being deducted.