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RE: Excessive Taxation of Cryptocurrencies
That poker taxation sounds like a nightmare...I think governments view cryptos as their own nightmare for taxing. I think in the US it’s considered a short term investment?
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I'm not sure. It's probably considered property. I think crypto-crypto trades used to be considered like-kind exchanges and thus exempt from taxation but since last year, the IRS has viewed such trades taxable if profitable.
Actually I’ve heard the property bit too...but I think given it’s new relevancy it hasn’t been clear since the government wants some kind of revenue from it.
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