As we all know by now, cryptocurrency capital gains taxes are becoming a point of interest for governments tax organizations. Annoying! How can I minimize my crypto tax liability while staying in the good graces of the IRS?
I do not see that crypto will be considered as an asset and will be taxed like this. It is not fair because cryptocurrency was also used as a form of payment and not really an asset. Government may able to taxed crypto but they should consider doing it on those local exchanges. The local exchanges are the best tool for them to tax users on crypto during the trade. The government could implement and additional a percentage of tax on every transaction being made in the exchanges.