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Comments · 6
Good stuff @rok-sivante. Luckily accountants here in NY are quite familiar with crypto nowadays.
Dropping this here in case it may be useful to someone - free script to count 2018 income from transactions and rewards: https://steemit.com/taxes/@gaottantacinque/steemit-taxes-calculator-free-script-to-calculate-the-sum-of-your-incoming-transactions-and-rewards
Take care 🙂👍
Excellent article. Until May 27 last year, the Finnish Tax Authority considered crypto-crypto trades non-taxable. On July 2, they announced that they were going to tax all crypto-crypto trades effective May 27 and afterwards. I stopped trading immediately. But as a result, my portfolio may be less than ideal. Oh well, I'm hoping that alts will pop at the end of the next bull run. I will cash them out through BTC and use what they call "presumed acquisition cost" (translation), which is 20% or 40% for assets owned longer than 10 years.
Steem income is trickier. I haven't traded or cashed that out, either. So I only need to calculate the values of each SBD, STEEM or SP at the time I received them. Because no reliable day-to-day values exist (odd spikes happen from time to time), I'm going to group them on a weekly or a monthly basis. There are simply too many events.
Nice post!
I have been doing the worst thing of all. Ignoring it. This year I am gonna have to do something about it though. Thanks for reminding me!
I may just have to incorporate or otherwise shoot for business status. Seems like the smartest (but most tedious) way>
Taxes are an easy way for governments to get money without having to work. I think like that @rok-sivante.
Really for these subjects, like a child, I need you to explain it to me with plasticine and foami. I'm ignorant about it! In my country, Venezuela, we are also in the time to pay taxes, but two years ago I declared myself in rebellion. In my country nothing works and taxes are getting bigger and bigger. The minimum wage for a Venezuelan is 5 dollars a month, which is only enough for half a meal a single day. The Venezuelan has looked for all forms, until he had 3 jobs in the day, to be able to eat half a meal. I don't know how we could get a bill like that. It is unfair for a country to take our money and not see it reflected in any work. When you feel that you are investing in improvements for the country, there is no doubt: PAGA. But when the taxes go into the pockets of the corrupt, think well. I hope I don't attack anyone with my opinion. Once again without light in Venezuela. Greetings
Thank you for your advice. But I don't have many assets, so the amount of tax I have to pay is not much .
