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Learning & News => News related to Crypto => Topic started by: newshunter on December 11, 2019, 07:00:35 PM

Title: Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
Post by: newshunter on December 11, 2019, 07:00:35 PM

Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool

Crypto accounting automation startup Lukka partnered with accounting advisor CPA.com to launch a crypto tax estimation tool

Source: Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool (https://cointelegraph.com/news/accounting-advisor-and-crypto-startup-to-jointly-launch-crypto-tax-tool)

Would appreciate your opinion about this

Title: Re: Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
Post by: Goodcat49 on December 11, 2019, 10:13:33 PM

If I almost always lose trading cryptos, should I pay taxes?  :P

Title: Re: Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
Post by: ansi on December 13, 2019, 08:59:24 PM

Quote from: Goodcat49 on December 11, 2019, 10:13:33 PM

If I almost always lose trading cryptos, should I pay taxes?  :P

As far as is know taxes are paid only on the Winnings, if you lose your capital there is nothing to pay taxes on.
You can always ask professional tax lawyer about that just to be 100% certain.