Quote from: longlivecapitalism on January 10, 2021, 01:43:16 PM

Quote from: Daniel91 on January 10, 2021, 08:34:14 AM

Quote from: longlivecapitalism on January 10, 2021, 12:45:00 AM

Obviously, if you have Bitcoins and you live in a country where they are taxed, you must pay them. You must get in contact with the person who makes your taxes for you and ask them what you need to do. If that person doesn't know either, find yourself another because cryptocurrencies will be more and more common in our lives, and people who don't know about them and do that sort of job should be considered inefficient at their job.

You must seek the advice of an accountant especially if the legal frame concerning cryptocurrencies is not very clear in your country, which is true for a lot of countries right now.

In fact, in many countries, in particular the EU, there is already clear regulation on bitcoin and taxation.
In my country, the tax office has already made and published an official opinion on how to report earnings from bitcoin and crypto.
Accountants still know very little about it because they have not had such cases or clients.
I know it from my own experience.

That's good to hear and there should be clear rules to help citizens with their tax filings but as a resident of an EU country, my experience has been different. And Bitcoin is mostly unheard of when you ask accountants in my country. I've gotten more help from local telegram groups than accountants, which is not what I recommend by the way when someone is filing their taxes, but that's what happened.

I live in Croatia and in our country the tax office has published very clear instructions on how to report and pay tax on crypto earnings, with concrete examples.
They can also be contacted directly and requested additional information.
As for the accountant, I agree with you here.
For them, it is something completely new and unknown, and in fact we know a lot more about crypto than they do.
I suggest you visit your local tax office and ask for help.