Re: Should I worry about my tax report?

Quote from: kunkelast on August 29, 2019, 01:06:07 PM

I've seen this news recently: https://www.investopedia.com/news/bitcoin-tax-looms-irs-orders-coinbase-turn-over-user-data/ And now I'm worried about my tax report for the next year. I've bought 1 Bitcoins at Coinbase last February and I still hold them. Should I report this as my asset? Or should I just ignore it?

I think that you don't have to declare it as an asset.
You will just have to report any profit you may make as an investment profit.
If you want to be fully transparent you should better pay a visit to an accountant which is expert in cryptocurrency cases.