You are viewing a single comment's thread from:
RE: Massive Problem for U.S. Citizens Using Peer-to-Peer Crypto Currency Transfers
I wonder if this affects the steemit platform itself as we are being paid in Steam 4 comments and uploads of content... does this steam that we receive act as property or income?
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