In my opinion like-kind property rules for real estate should be applied to cryptocurrency trading. This rule would help smaller investors avoid potential traps, and would still require traders to pay taxes on profits.
The SEC’s Bill Hinman officially announced that Bitcoin and Ethereum are not securities. That hints that Ripple and other top coins like TRON and NEO may not be securities either. However, Hinman noted that many ICOs are securities.
As we have essentially known for sometime, ICOs are almost certainly going to be treated as securities by the SEC. This means about 1/2 of the top coins are likely to be considered securities by the SEC.
We take a look at how the SEC views cryptocurrency, including them potentially viewing ICOs as securities. Below is my interpretation of statements made by the SEC and actions taken by the SEC pertaining to cryptocurrency.
April 17th is the U.S. tax deadline to file and pay taxes for 2018. U.S. residents will need to file their crypto taxes or file an for an extension by then. This is true for both state and federal taxes.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.