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Cryptocurrency

PostPosted: Tue Feb 07, 2023 1:20 pm
by jbc.shrimp
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.

Re: Cryptocurrency

PostPosted: Tue Feb 07, 2023 2:14 pm
by CityShrimp
I’m no expert but basically yes, profits from crypto are taxable.

Re: Cryptocurrency

PostPosted: Tue Feb 07, 2023 2:32 pm
by captain sparkle
CityShrimp wrote:I’m no expert but basically yes, profits from crypto are taxable.


Theoretically! :lol:
Creative accounting, anyone?

Re: Cryptocurrency

PostPosted: Tue Feb 07, 2023 3:06 pm
by Gone_Shrimping
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.

Re: Cryptocurrency

PostPosted: Tue Feb 07, 2023 4:33 pm
by marky No.1

Re: Cryptocurrency

PostPosted: Mon Aug 19, 2024 8:02 am
by marky No.1