Author

Topic: How to use BTC tax software for gambling using BTC. (Read 140 times)

newbie
Activity: 11
Merit: 0
Neither response addressed my question:

"Has anyone who used their BTC for gambling - specifically in this case sportsbetting - found a way to use Bitcointaxes or Cointracking?

I haven't been able to figure out a way to do it for either one.

I've pursued it with Cointracking - which actually has responsive support - but haven't yet figured out a way to use it for that."


Anybody else?
jr. member
Activity: 448
Merit: 2
Only coinbase I heard taxes payment...we are on digital era,or cryptocurrency so how can we pay tax..?I played *primedice Bitcoin gambling*using BTC almost a year and I think the fee transaction is not going  to tax,instead going to blockchain miner... thank you☝
hero member
Activity: 1008
Merit: 1012
You would need to be winning first to be able to worry about paying taxes on your gambling. Grin
If you are winning above a certain amount you might need too but haven't been graced enough to be too concerned about it. Cheesy

Maybe ask a tax accountant about crypto gambling and they should explain how much is taxed on it.
Since it is different for each separate state on how much you need to pay I believe.
newbie
Activity: 11
Merit: 0
Has anyone who used their BTC for gambling - specifically in this case sportsbetting - found a way to use Bitcointaxes or Cointracking?

I haven't been able to figure out a way to do it for either one.

I've pursued it with Cointracking - which actually has responsive support - but haven't yet figured out a way to use it for that.
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