Thanks for the link. In the USA we can claim the income derived from crypto immeaditely when we receive it, even if it's something like STEEM Power that lacks liquidity (equivalent of private company shares)...if you claim STEEM Power when you cash it out later on for $$$, you have to include the total current value of the tokens you received as income (rather than a capital gain). Looks like a good idea to claim early with this one. :-)
Thanks for the link. In the USA we can claim the income derived from crypto immeaditely when we receive it, even if it's something like STEEM Power that lacks liquidity (equivalent of private company shares)...if you claim STEEM Power when you cash it out later on for $$$, you have to include the total current value of the tokens you received as income (rather than a capital gain). Looks like a good idea to claim early with this one. :-)