@cmoneyspinner
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TAXING CRYPTO IN THE USA! Understanding the Cryptocurrency Tax Rate | TaxBit Blog ~ https://taxbit.com/blog/understanding-the-cryptocurrency-tax-rate Capital gain tax events Here are the short-term capital gain and long-term capital cryptocurrency gain tax events in which the cryptocurrency tax rates as of 2021 apply: 1. Selling cryptocurrency for fiat currency (like the pound sterling, the euro, and the US dollar). 2. Using cryptocurrency to buy goods/services. 3. Swapping or trading one crypto asset for another. Excellent article. Many more details on income tax events, tax basics, etc. #cryptonewbies #CCFCN #Cryptocurrency
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Stupid IRS! I understand the first taxable event, and even the second, (although I don't like it), but the third! How the Hell are folks who do a lot of trading gonna keep track of that? If crypto is still in the "crypto realm", then why is it taxable? So I say again: Stupid IRS!!