Quote:
Originally Posted by JerseyPuma
take the time to learn best practices for storing each cryptocurrency you acquire, put those into practice, and keep them safe.
|
Honestly I have too many other things to keep up with than to worry about storing crypto.
Quote:
Originally Posted by JerseyPuma
bitcoin payment processors like Bitpay give you the option to instantly convert your bitcoin sales to fiat when the user purchases. this solves your tax issue. if you want to roll the dice and keep some in bitcoin, like overstock.com has recently stated they do, the IRS issued guidance on taxing bitcoin years ago.
|
I'm referring to sales tax. Not income taxes.