•2 years
What is $FOUND? When is tax applicable to cryptocurrencies?
What exactly is $FOUND - a cryptocurrency, a voucher, an intangible asset? I don't know much about cryptocurrencies or the taxes related to them. However, somewhere in my head, there is information that trading cryptocurrencies (when exchanging one cryptocurrency for another) does not involve a tax obligation until they are converted into a 'legal tender' - e.g. dollars or zlotys. Is that really the case?
What exactly is $FOUND - a cryptocurrency, a voucher, an intangible asset? I don't know much about cryptocurrencies or the taxes related to them. However, somewhere in my head, there is information that trading cryptocurrencies (when exchanging one cryptocurrency for another) does not involve a tax obligation until they are converted into a 'legal tender' - e.g. dollars or zlotys. Is that really the case?
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