Topic: do you guys pay Taxes for profit? - page 27. (Read 1923 times)
Actually Who want to pay taxes for crypto profit ? Nobody ... Every country have different policy , you need to research by yourself , no need to scare too much if it's just a small amount, my country haven't release any policy for crypto
If you are from the U.S or any country that has some tax regulations about cryptocurrencies you should follow the regulation or else you will have some problem.I am living to non-us country that is why i am not paying any taxes,there are no such regulations about cryptocurrencies in our country that is why i am one of those lucky people in the world.
Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
As long as you HODL your cryptos or use them as a payment method there should be nothing to worry about for now
It all depends from what country you are,for example i am coming from shity country where is no law so i dont really need to pay anything,not to mention that in shity countries tax service dont really know what crypto is.Also i sell most of my crypto face to face so this way no1 really knows whats my profit since there is no bank trail
where im based there are no taxes on income, so to answer your question no i dont
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I think you should not worry about it. As far as I know there are no clear laws that obligate to pay taxes on this activity.
Well, if you have such questions, then you are on the right track. In fact, there is no standard information, someone writes down their profit in a notebook, someone uses the Excell table, so choose you.
As long we are talking about small amounts i don't think it's a problem....
if you have big amounts to convert i think you consult a accountant.
if you have big amounts to convert i think you consult a accountant.
And also it's different for each country/state.
So you really need to do your research.
what you have to do, find and spend some time to gain knowledge and understanding of crypto, before you get involved. the most important you seek first experience. then you can speculate after having a knowledge base.
Hey buddy
I am still new in crypto and I dont Have enough ideas
Sorry
I am still new in crypto and I dont Have enough ideas
Sorry
Depends on country?
profit form trading or profit form gains?
profit form trading or profit form gains?
No, who pays tax for crypto? Even in usa people using coinbase were not paying any taxes, that might be better now. Tracking all the transactions is hard.
No,i don't,because it's not a complicated transaction.You only do the basic in trading,buy low sell high,which is why you don't need accounting service to do it for you.In case you got big profit,all the transaction is recorded in blockchain,so you can just check your transaction history and do the math,profit minus tax,so you can cash out your money efficiently.
Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
1 I don't use accounting service. Why do i need to use accounting service for just a little thing like this?i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
2 I think that you will be seeing your trade history in the exchange site and that will be written by the bot. It looks like your trading activity will always be monitored in the exchange site. That just like you have kept your documentation in the exchange site.
3 I will try to pay the tax if that will be applied in my country but my country is still not considering to give a tax to the traders.
Actually i believe tax is for everyone who works and earn wages or salary, and taxes are for business people as well.
But in the world of crypto, you don't earn wages or salary , you earn profits, profits for your hardwork in participating in bounties, buying from icos
It depends on you
But in the world of crypto, you don't earn wages or salary , you earn profits, profits for your hardwork in participating in bounties, buying from icos
It depends on you
Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
this is the problem if you dont know about the policy of your country on a certain thing,cryptcurrency now is being followed by government becauseof tax issues and the decentralization.before you deal about profiteering here in crypto you must learn first the rules of your country about this forum.and th need no consultant but only internet is enough to answer your questions i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
As long we are talking about small amounts i don't think it's a problem....
if you have big amounts to convert i think you consult a accountant.
if you have big amounts to convert i think you consult a accountant.
Yep! You must search the answers outside internet, find the financial expert if you want to do things in well
Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
Everything depends on the country in which you live, and how in this country belong to the crypto-currencies. Specify the country, you can be prompted by users who have encountered this. i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
As long we are talking about small amounts i don't think it's a problem....
if you have big amounts to convert i think you consult a accountant.
if you have big amounts to convert i think you consult a accountant.
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