Topic: Tax reporting question for US taxpayers who have filed their... (Read 108 times)
Anybody from the US?
December 21, 2017, 06:31:46 PM
Tax reporting question for US taxpayers who have filed their Crypto-Capital Gains and Losses
This will be the first time for me to file Crypto-Capital Gains and Losses, and due to the fact that we have to buy BTC/ETH from USD in most cases in order to trade other cryptocurrencies, I wonder if we need to file tax report for Capital Gains and Losses if we have not sold ours coins. Or do we simply treat this new kind of investment as stock, that is, if you don’t sell, you don’t report?
I can’t find this answer online nor from IRS website.
This will be the first time for me to file Crypto-Capital Gains and Losses, and due to the fact that we have to buy BTC/ETH from USD in most cases in order to trade other cryptocurrencies, I wonder if we need to file tax report for Capital Gains and Losses if we have not sold ours coins. Or do we simply treat this new kind of investment as stock, that is, if you don’t sell, you don’t report?
I can’t find this answer online nor from IRS website.
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