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Author Topic: How to use BTC tax software for gambling using BTC.  (Read 52 times)
Blitzky
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March 10, 2018, 11:15:24 PM
 #1

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.
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Lionidas
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March 11, 2018, 12:49:34 AM
 #2

You would need to be winning first to be able to worry about paying taxes on your gambling. Grin
If you are winning above a certain amount you might need too but haven't been graced enough to be too concerned about it. Cheesy

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.

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Dhanems
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March 11, 2018, 08:56:05 PM
 #3

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☝
Blitzky
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March 12, 2018, 12:08:11 AM
 #4

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?
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