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Personal Finance and Investing

lettucebe

(2,339 posts)

2. Worked briefly for H&R Block & learned about cryptocurrency taxes. Advice, don't buy cryptocurrency

Reply to question everything (Original post)

Sat Sep 26, 2020, 03:00 PM

Sep 2020

Tax requirements are brutal. You must track every transaction, yes, every single one, so using it to buy a coffee? Taxable. Using it to buy anything? Taxable. All taxable. It'll be a real nightmare trying to track, so good luck. Think it's anonymous? Think again.

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The IRS Sets a Trap for Cryptocurrency Tax Cheats [View all] question everything Sep 2020 OP

Yet somehow the biggest cheats, they just can't seem to catch. bullimiami Sep 2020 #1

Worked briefly for H&R Block & learned about cryptocurrency taxes. Advice, don't buy cryptocurrency lettucebe Sep 2020 #2

I wonder: do all the coffee shops even accept cryptocurrency? question everything Sep 2020 #3