, I have a question for you. I can't remember any of my tax courses because its taxes. So for those of us that own masternodes in multiple currencies. If I understand this correctly:
- We are going to have to pay taxes on our passive income earned on a daily basis from coins received by owning a MN.
- To exchange that coin for BTC we're going to have to pay taxes on any gains right?
- Selling BTC for USD, that's another tax..
So if I get this correctly, I may be paying over 50% in taxes on the aggregate?
What's the incentive for me here?
RE: IRS Tax Rules for Cryptocurrency in 2018