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The Taxman Cometh: Tax Reform May Impact Cryptocurrency Trading

Crowdfund Insider

04 Feb 2018

Joshua Ashley Klayman provides guidance for how cryptocurrency traders should approach their taxes this year under the Trump Administration’s tax overhaul in the Crowdfund Insider article “The Taxman Cometh: Tax Reform May Impact Cryptocurrency Trading.”

“Whether or not U.S. token purchasers are aware of it, some aspects of the new U.S. Tax Reform Bill are likely to have a very real effect on them individually,” she said. “The new tax laws clarify that, when a token purchaser buys a digital token using another digital token, it is a taxable event.”

“To put it into perspective, purchasers using Bitcoin or Ether to purchase alt-coins in initial token offerings will have taxable events, not just when they sell those alt-coins, but also at the moment of purchase of the alt-coins.”

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