In theory since there is no real law on crypto should one have to pay anything at the moment?
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In theory since there is no real law on crypto should one have to pay anything at the moment?
Posted Using LeoFinance Beta
IRS doesn't need a special crypto law to collect taxes. If there is an income regardless how the income was received/earned, it has to be declared and taxed. In other words, if you sell anything of value you need to keep records of costs associated, market value, or fair value and declare profits.