Bitcoin Forum

Economy => Gambling => Topic started by: Blitzky on March 10, 2018, 11:15:24 PM



Title: How to use BTC tax software for gambling using BTC.
Post by: Blitzky on March 10, 2018, 11:15:24 PM
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.


Title: Re: How to use BTC tax software for gambling using BTC.
Post by: Lionidas on March 11, 2018, 12:49:34 AM
You would need to be winning first to be able to worry about paying taxes on your gambling. ;D
If you are winning above a certain amount you might need too but haven't been graced enough to be too concerned about it. :D

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.


Title: Re: How to use BTC tax software for gambling using BTC.
Post by: Dhanems on March 11, 2018, 08:56:05 PM
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☝


Title: Re: How to use BTC tax software for gambling using BTC.
Post by: Blitzky on March 12, 2018, 12:08:11 AM
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?