Taxation in Cryptocurrency Trading: The Taxation System

The other day, the National Tax Agency announced that profits from cryptocurrency investments such as Bitcoin trading

are required to be recorded as “miscellaneous income.”

“Miscellaneous Incomeshould be reported as such

in your tax return.

In Bitcoin trading,

if you make a profit when purchasing goods or when converting into fiat currencies such as

dollars or yen,

that profit is subject to taxation.

That is the point.

Although not stated explicitly,

profits from converting Bitcoin to Ethereum

or other altcoins

into altcoins are also

subject to taxation.

Tax return filings are required from January to March 15

for the previous year’s income.

.

I have summarized in the article

the tax implications for cryptocurrency trading and the taxable cases,

as well as the calculation methods, in this article ↓↓

http://bitcoin-newstart.com/bitcoin-tax-pay

If there are any inaccuracies in the article, I would appreciate any advice.