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