Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli...
by 52-6F-62 on Friday February 16, 2018 @10:26AM
(#16392957)
>In order to be considered a "gain" or a "loss", according to my accountant, the commodity must be realized into fiat money. "Selling or buying" means selling into fiat or buying with fiat. "Bartering" means trading for goods or services -- crypto is not considered to be goods or services.
Thanks for the extended update!
That's very interesting! I have been hesitant to take advantage of some potential gains because of the burden of maintaining a record of every inter-coin transaction.
If your accountant is correct, then that's a load off—and a major advantage.
Thanks for the extended update!
That's very interesting! I have been hesitant to take advantage of some potential gains because of the burden of maintaining a record of every inter-coin transaction.
If your accountant is correct, then that's a load off—and a major advantage.
It really is a brand new asset class, then.