Cryptocurrency: Do your crypto gains are taxable?

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Like any documented income, the gains obtained through cryptocurrencies are taxed, these are calculated according to the date on which the taxpayer receives them.

Tax liability

Receiving cryptocurrencies as payment for the provision of a service, mining them, betting with them, obtaining rewards and even making loans from which interest is generated and then reflected in your account, are some of the examples that are considered income and therefore require tax obligations and therefore the payment of taxes, just as when acquiring shares in the financial markets or any type of property in the real estate sector.

The general and mandatory rule among the developers of cryptocurrencies such as Bitcoin, Ether or Dogecoin, is that individuals and entities that adopt them as an investment alternative must record their profits and losses, report them accurately and of course pay their taxes. Only, in this last point, the key to generate a higher profit lies in…

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