Quote from: TimeWarped on March 15, 2020, 08:26:57 PM

Quote from: minereu.com. on March 15, 2020, 08:23:25 PM

Quote from: OneMillion on March 15, 2020, 08:20:14 PM

hey guys! can anyone explain whats the deal with those irs letters? theyre like really bad news

according to an IRS press release, the regulator sent out letters to taxpayers who did not register cryptocurrency transactions, thus notifying them of the need to report capital gains for previous tax years.

everyone who has something to do with crypto now has to pay taxes. miners, traders, exchanges. Literally everyone.

Well, this applies only to American exchanges and only traders who are citizens of America. Although those exchanges have large volumes, the whole world trades there.