the question I have is this
mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax
but
If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash
and no like kind?
or did I miss something
(if above is correct now I know why BTC and cypto's are crashing)
in USA
Few people pay tax from there bitcoin holdings. And no it doesn't work that way either.mine LTC....pay my income tax on this...say 25% of what was mined....sell on coinbase....and pay (if less than a year) 40% capital gains tax
but
If I mine LTC and pay income tax on this ...again 25% but xfer the LTC to BTC I am hit with another 40% capital gains because in 2018 it is gonna act like cash
and no like kind?
or did I miss something
(if above is correct now I know why BTC and cypto's are crashing)
in USA
I am fearful that what he says is close to the truth:
https://dcebrief.com/tax-reform-law-eliminates-crypto-tax-loophole/
