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RE: The ONLY Time You Should SELL CRYPTO
LoL. Well listen, I bough Ether at 6 dollars, I sold at 50 because my taxes were high this year for me. So I really needed to sell my Ether by then to pay the IRS. When Ether riched 400 I was like fuck the government XD
Ahaha yeah, I also did that at $75. : |
I hate that I need to report my gains though. What's the point of having decentralized currency if you're still beholden to the government of residency? Haha.
Well the gains I reported were the ones from my actual jobs, this is my first year trading crypto, I am still trying to figure out if I have to pay taxes next year over my crypto assets or gains...
assuming that you are in the US, this might help:
https://www.irs.gov/pub/irs-drop/n-14-21.pdf
Thank you mate!