Quote from: DdmrDdmr on January 20, 2020, 08:48:22 AM

Quote from: duke89 on January 20, 2020, 07:57:49 AM

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Whats pretty ridiculous is that the EU does not have at this stage a common ground on the approach. Whilst countries such as Portugal have currently got a great deal, and do not seem to be taxing crypto, and Germany is exempt if you hold your BTC for over a year, Spain is subject to a 19-23% taxation on it (for trade).

Slight differences between countries within the EU is perhaps understandable, but having discrepant considerations as to the nature of what crypto is effectively considered to be, and the discrepant criteria derived on its tax treatment, is just absurd.

yeah USA rules are brutal.

every trade is reportable .

so if you sell 1 btc for 140 Ltc. and the order sells in 30 pieces of one or two or three coins you need to report each one as a separate tax event.

and you never left the world of coins and entered into the world of cash.

I have some micro split trades in 2018 that took under 30:seconds to sell 1 btc into some bch.
yet the twenty mini spilts all need to be reported separately. My 2018 return has 7000 trades entries and i only did 190 trades for the year.

a fucking mess. still dealing with it. and this year 2018 i made no money 💴 I took a small loss.