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RE: Steem Secret #3: Power Up Posts When Steem Dollars Trade Below $1!

Great advice in regards to the rewards. I was holding SBDs but share your feeling that the Steem price will move upward when the exchange issue gets resolved. The Steem price has been artificially suppressed b/c of the exchange issues we've encountered and now is the time to load up on as much cheap Steem as possible.

Also appreciate the tax advice. I have been keeping a daily log on Steem and SBDs earned daily, but your explanation makes perfect sense. Upon consulting with my accountant he had advised holding any coin for greater than 1 year before selling so as to pay long term cap gains and reduce my tax rate. There's some gray area concerning what could be considered dividend income or actual income from rewards, so I think it's a really good idea to keep records of daily rewards just in case. The great thing is the block chain keeps track of all that for you, but keeping a spreadsheet like you outlined in one of your videos is definitely the way to go.

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