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Richard knife
490d
Figuring out these bitcoin taxes is causing me to pull my hair out omg. I thought if I only had a small amount I didn't have to claim ? Or yes ? Omg
replied 490d
Depends on where you live.
Richard knife
replied 489d
Usa
replied 489d
Then unfortunately yes every time you sell or spend it then it's taxable. Some gifts apparently aren't but don't take that as tax advice.
Richard knife
replied 489d
Even if I only convert it ? What about the coins here that we create ?
Richard knife
replied 490d
So what do I claim sell, convert, or rewards, or all the above
replied 490d
If you only had a small amount, then why are you having such a problem?