Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by vmception on Saturday September 26, 2020 @11:42AM
(#24599605)
That’s how it also should work, if you are using a volatile asset. Not everyone using crypto is using volatile cryptos, and not everyone using volatile cryptos is holding them long enough for capital gain/loss to be the primary concern, meaning there is likely a more relevant tax report such as a income tax or a deduction against income tax.
So the assumption is flawed. The priorities in reporting are flawed.
So the assumption is flawed. The priorities in reporting are flawed.