01
Apr

Crypto & Bitcoin Taxes Due

US citizens and foreign nationals residing in Russia living in the Russian Federation for at least 183 days in a year are treated and taxed as permanent residents. In all other cases the rate is doubled to 30 percent. Dividends are taxed at 6 percent (15 percent for non-residents).

Then, of course, US citizens must face “Uncle Sam” and the IRS (Internal Revenue Service).

Crypto taxation needs further clarification. Tax experts say that US tax officials are still weighing various approaches  to treating Bitcoin, Ethereum, Litecoin, Ripple, EOS and the other nearly 2000 cryptos that exist. The challenge is to understand how crypto exchanges work, and identifying the owners of  crypto currency wallets.

Bitcoin Crypto Taxes

Bitcoin Crypto Taxes