paying taxes on altcoins

[AllYourBitcoinRBelong2Us]

SOLVED (I asked a friend, he gave useful info. Thank you for all the responses and tips.)

[AllYourBitcoinRBelong2Us]

Everything is in my name btw. All the invoices from helium are in my name.

[Orpichukwu]

The best thing you need to do is contact a tax agent in your country. We all have what's needed to be reported for tax based on individual countries demands, so your law for tax reporting should be different from that of others. 
 
I think the best way is to report all the financial records with respect to the token that gave you the profit. You can then calculate what should be paid for the task and what should not be paid.

[Ben Barubal]

     if you are in a country where crypto is already controlled by them, there is nothing you can do but follow the regulation that a country's government has. but to pay. because that is the law that must be followed.

     and of course, you know that when everything is under the control of the government, everyone has to pay my tax, and it also appears that crypto is not decentralized and it is not volatile, instead it is like fiat.

[batang_bitcoin]

Let's say I am under 18 and made like 120 dollars trading shit coins with Solana. Would I have to file taxes on that? I got a little bit of Solana from the helium app, transferred it to a personal wallet, and made like 120 dollars off a less than 10-dollar investment. Do I have to file taxes this year or should I just wait till I'm 18 in like 8-10 months?

Read some brief info about how taxation goes in your country. People here from various countries and has a different form of taxation in crypto profits. But if you've made that money and it's in fiat already, that's when you have to check out the taxation compliance in your country.
Or try to get some help in your local community that are into taxation like audit officers or are working into revenue taxes bureau.

[KingsDen]

Let's say I am under 18 and made like 120 dollars trading shit coins with Solana. Would I have to file taxes on that? I got a little bit of Solana from the helium app, transferred it to a personal wallet, and made like 120 dollars off a less than 10-dollar investment. Do I have to file taxes this year or should I just wait till I'm 18 in like 8-10 months?

Cryptocurrency taxes differ from country to country. What is obtainable in one country is different from what is obtainable in another country. So, it is important that you consult a legal practitioner or a tax agent in your country sitting your case. If you are unsure they will change the case for you, better ask some other persons (ordinary citizens) they will have to direct you better. Meanwhile, you might like to mention your country let's check it out here.

[peter0425]

SOLVED (I asked a friend, he gave useful info. Thank you for all the responses and tips.)

since you already edited the thread  and confirmed that this is solved? so i think you better  lock the thread to prevent from further discussion not unless you are looking for other options from your questions here.
congrats that you have already solved the problem .

[Belarge]

The best thing you need to do is contact a tax agent in your country. We all have what's needed to be reported for tax based on individual countries demands, so your law for tax reporting should be different from that of others. 
 
I think the best way is to report all the financial records with respect to the token that gave you the profit. You can then calculate what should be paid for the task and what should not be paid.

I don't know for other countries but where I'm from, paying of taxes connecting to altcoins doesn't triggered and everyone here just engaged in activities that favors them. We're here to ensure stacking up gigantic profits shouldn't be our problem. Grabbed our golden opportunities and bring out the best of them, for the purpose to smile at last. I'm the best version of myself and I'm doing only the basis I'm aware of and paying taxes on altcoins doesn't seem right in my eyes. Paying taxes in regards to altcoins, does this exists?