Cryptocurrency

Cryptocurrency

Postby jbc.shrimp » Tue Feb 07, 2023 1:20 pm

I have not put this as O/T because it concerns a topic possibly involving our club. So, is this currency taxed or taxable. Just curious.
jbc.shrimp
 
Posts: 1346
Joined: Thu May 10, 2018 3:05 pm

Re: Cryptocurrency

Postby CityShrimp » Tue Feb 07, 2023 2:14 pm

I’m no expert but basically yes, profits from crypto are taxable.
CityShrimp
 
Posts: 605
Joined: Wed Dec 02, 2015 8:03 pm

Re: Cryptocurrency

Postby captain sparkle » Tue Feb 07, 2023 2:32 pm

CityShrimp wrote:I’m no expert but basically yes, profits from crypto are taxable.


Theoretically! :lol:
Creative accounting, anyone?
PYROMANIACS OF THE WORLD IGNITE!
Over 3.7 million hits on YouToob! Subscribers needed! full & part time! apply now!
https://www.youtube.com/watch?v=eeOzzTpVT3A
https://www.youtube.com/playlist?list=PLeFlLgCS-jBXwnXTtT8vJBReNXSYuphoM
User avatar
captain sparkle
 
Posts: 849
Joined: Wed Aug 13, 2008 8:12 pm

Re: Cryptocurrency

Postby Gone_Shrimping » Tue Feb 07, 2023 3:06 pm

jbc.shrimp wrote:I have not put this as O/T because it concerns a topic possibly involving our club. So, is this currency taxed or taxable. Just curious.



They are treated as Capital Gains and Taxed as such.
Gone_Shrimping
 
Posts: 5312
Joined: Mon Jul 20, 2015 7:49 am

Re: Cryptocurrency

Postby marky No.1 » Tue Feb 07, 2023 4:33 pm

Enjoy yourself.... It is later than you think
User avatar
marky No.1
 
Posts: 22250
Joined: Thu Jun 26, 2008 4:09 pm
Location: Carnforth

Re: Cryptocurrency

Postby marky No.1 » Mon Aug 19, 2024 8:02 am

Enjoy yourself.... It is later than you think
User avatar
marky No.1
 
Posts: 22250
Joined: Thu Jun 26, 2008 4:09 pm
Location: Carnforth


Return to General Discussion

Who is online

Users browsing this forum: Bing [Bot], Google [Bot], Keith and 77 guests