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Title: USA To tax Exchanges? Post by: worldtraveller321 on December 23, 2017, 06:49:08 AM Read something briefly today? is it true. that the USA govt is going to tax exchanges? everytime you do an exchange of crypto within USA, you will be taxed? true? if so ? thoughts?
Title: Re: USA To tax Exchanges? Post by: qwik2learn on December 23, 2017, 07:05:27 AM The new legislation specifically forbids treating coin-to-coin trades as "like kind" transactions.
More discussion here: https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2017/10/30/how-cryptocurrency-investors-can-avert-irs-attack/amp/ Title: Re: USA To tax Exchanges? Post by: Tonestra on January 04, 2018, 04:00:02 PM Uncle Sam does not want to miss any dollars it can grab. in my opinion, I don't feel the bitcoin community has any issues with paying taxes as along as the relevant government entities provide the enabling environment for bitcoin to thrive.
Title: Re: USA To tax Exchanges? Post by: mOgliE on January 04, 2018, 04:40:59 PM How does it work?
Do you have any article explaining this? I mean, if the government is taxing operation occurring on traditionnal bank account.. Well it changes nothing. If their will is to tax online operations... I guess that more people are going to invest in VPN. Still, no big deal. Then, there is the option of tracking operations. If this is the idea, I am curious to know more about how they can do it! ;) |