Quote from: OluwaTosin10 on April 01, 2019, 09:13:54 PM

Quote from: chaosfourever on August 08, 2017, 02:54:38 PM

Do I need to pay taxes if I sell an alt coin for bitcoin then rebuy a different alt coin. I never took out actual USD so I am unsure how that would work. Or am I only taxes on actual USD made when I cash out?

I think the issue of tax depends on your locality country and their rules
But naturally I count the exchange platform fees as a form a tax payment

And if you use changelly and similar sites to buy bitcoin with fiat; you probably have to pay extra charges

In the united states you can deduct your fees the exchange charges you. However this is not a form of tax payment. It just slightly lowers your avg cost basis.

Exchange platform fees is not a form of tax payment. I don't care where you live. That's does not make any sense and no government or irs would let you get off that easy.