Cryptocurrency tax laws 2018

Biggest undervalued crypto currencies

The cost basis for cryptocurrency when you use your cryptocurrency you're required to report it.

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NEW CRYPTO TAX LAWS EXPLAINED
Cryptocurrency gains from trading coins held as capital assets are treated as investment income by the IRS, and the same capital gains rules. In Sweden, the crypto-currency is subject to capital gains tax at a rate of 30%. Following normal income tax rules, income received or accrued from cryptocurrency transactions can be taxed on revenue account under �gross.

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Whether you have a gain or loss on the disposal of a digital asset depends on the value of the asset at the time of disposal measured against the cost basis of that asset. How are exchange and network transfer fees taxed? Contact Us. By Shannon Liao. Partner Links.