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December 27, 2017, 10:13:09 PM |
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My opinion is based on the fact that taxes have been introduced in the United States since January 1, which means that all operations will be controlled. Than to pay taxes, it is much more clever to trade an anonymous coin.
Read this news. US authorities closed a major tax "loophole" for crypto-currency investors NEWS 12/26/2017 President of the United States Donald Trump signed a new bill, according to which transactions on the exchange of crypto currency will be taxed. This has become one of the most significant changes in the country's tax legislation over the past 30 years, Bitcoinist reports .
Prior to this, in accordance with Article 1031 of the US Tax Code, crypto-currency transactions were considered an "exchange of similar assets", which allowed investors to use a "loophole" and avoid paying taxes. However, from January 1, 2018, all transactions involving digital money, including the exchange of one crypto-currency for another, will be subject to compulsory tax.
This was the result of amendments to an article that classifies certain assets as "similar type". Traders have long used the so-called "exchange 1031" rules, which allowed for the exchange of property (for example, objects of art or real estate) without paying taxes at the same time.
Just as property from March 2014, the US Internal Revenue Service regarded bitcoin and other crypto-currencies. Nevertheless, it was not clear whether the exchange of one crypto-currency for another falls under the article about "similar assets" - until this time, digital money remained in the gray zone.
Since January 1, 2018, Article 1031 will cover only real estate. Moreover, the definition of "property" has narrowed to "material ownership", under which neither bitcoin nor other digital money is already falling.
Thus, next year one of the most significant "loopholes" in the US tax law will be closed, and all crypto-currency transactions on the territory of the country will be taxed right at the time of the commission.
Earlier, the court ordered the American bitcoin-exchange Coinbase to transfer tax data to personal data of 14 thousand customers.
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