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RE: How are you Accounting for Steemit Earnings?

in #steemit7 years ago

the biggest problem is that there are no rulings, no standards, no guidelines. Its a massive headache and the governments and accounting standard setters are not dealing with the issue at all.

In ireland too if you make an investment and leave them as stocks there is no CG tax till you cash out. However there is a fine line between and investment and trading stock. if you are paid in SBD but trade it to STEEM, you now have trading transactions too, and conversion to any other coin also calls into question what is an 'investment'

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