Quote from: SaShiRaJaVu on Today at 01:35:23 PM

Quote from: Gatorelf on Today at 10:58:54 AM

actually its not BTC that being taxed in the USA... Its the dollar You dont pay any taxes on crypto currencies until you sell them for USD. and then its only "IF" you made a capital gain. So you are paying taxes on your USD capital gain on ALL cryptocurrencies just like stocks.

If your trading amount is higher you will be bound to pay your taxes unless you are able to provide all the evidence of your loss and then you can get away with the capital gain tax. If you are a small time trader then you can get away with it but usually everyone who is in the market for a long time made a lot of money and you are bound to file them if you are not looking for trouble at a later time.

^ Higher or a small amount it should be taxed if you are in the US. Either it is sold or spent, it should be declared any profit each year because that is taxable and you are entitled to be liable to interest and penalties. But there are countries that did not too strict on the tax, if you feel that BTC in your place did not require tax and only a small amount, it is up to you. I think the only UK and the US are very strict on this tax implementation, other countries probably will not and it is okay if you don't declare your gains in crypto.