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Economy => Service Announcements => Topic started by: zenledgerio on March 05, 2020, 01:04:43 PM



Title: Do I really have to pay taxes on crypto investments?
Post by: zenledgerio on March 05, 2020, 01:04:43 PM

The Fastest and Friendliest tax tool for Cryptocurrency investors and accountant



Do you feel like paying your taxes is sometimes as complicated as quantum physics? Thatís OK because there is plenty of intricate regulations, a variety of tax forms, and tons of slight nuances, especially when it comes to cryptocurrencies, which all together make tax calculations and "paperwork" a pretty tough task for an ordinary crypto owner (unless you can afford the assistance of a qualified attorney). ZenLedger can help you import all your crypto transaction data from multiple sources, like exchanges and wallets, generate a consolidated crypto report, and auto-populate a series of tax forms required by the IRS this tax season.    
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What are the main features?





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Title: Re: Do I really have to pay taxes on crypto investments?
Post by: royalfestus on March 15, 2020, 09:02:40 PM
Has calculating Tax in US turn to another business in cryptocurrency? Why cant they form a group or get in contact with experienced investors from USA, it will help. The long term investors will prefer to take tax after bullrun, when profit had been taken and some coin converted to fiat they can buy lambo from the rest. Its such a high percentage of fund that demands taken before spending your leftover.


Title: Re: Do I really have to pay taxes on crypto investments?
Post by: zenledgerio on March 26, 2020, 01:44:59 AM
Has calculating Tax in US turn to another business in cryptocurrency? Why cant they form a group or get in contact with experienced investors from USA, it will help. The long term investors will prefer to take tax after bullrun, when profit had been taken and some coin converted to fiat they can buy lambo from the rest. Its such a high percentage of fund that demands taken before spending your leftover.

So, in the US you have to report, file, and pay capital gains and income tax on cryptocurrency. The IRS treats crypto as a property, so crypto to crypto trades are taxable events, mining is a taxable event. When you sell your crypto out to cash (US Dollars, Euro, Yen, etc) that is a taxable event. You can read more about it here: https://bit.ly/2WJdDsw