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RE: Massive Problem for U.S. Citizens Using Peer-to-Peer Crypto Currency Transfers
Steem is self-employment income when you earn it (at the rate compared with U.S. dollars on the date of issuance) then when you trade it for other crypto it is treated as property and any gain/loss to that date is a short- or long-term capital gain.
thank you for this answer. I was about to ask the same thing.
@darksidetaino I went into more detail about this subject in my blog here: https://steemit.com/steemit/@cstranger/earning-on-steemit-you-may-have-us-self-employment-taxes-to-pay