Cryptocurrency tax filing 2017...

Wallet will provide you with a basic level of security to encrypt your bitcoins in the wallet with a password. A bitcoin has two keys, a public key, and another private key. A public key is important to receive bitcoins in your address whereas private key is used to send you bitcoin to other. Here are some more ways to secure your bitcoins other than just keeping in wallets: 1. Backup your wallet 2. Encryption 3. Use up to date software 4. Multi-signature Read the full article... https://www.organicposts.com/b...

Wallet will provide you with a basic level of security to encrypt your bitcoins in the wallet with a password. A bitcoin has two keys, a public key, and another private key. A public key is important to receive bitcoins in your address whereas private key is used to send you bitcoin to other. Here are some more ways to secure your bitcoins other than just keeping in wallets: 1. Backup your wallet 2. Encryption 3. Use up to date software 4. Multi-signature Read the full article... https://www.organicposts.com/b...

Hey folks, Did you guys file your cryptocurrency taxes for 2017 ? I used various exchanges for crypto transactions and it's been a tax nightmare so far. Does anyone know what is the tax rate for short term gain on crypto ? Provide some guidance if you have filed your crypto taxes.

Crypto gain is capital gains. Short term capital gains tax rate is regular income tax rate meaning same tax rate as your income from job aka w2. Long term capital gains tax rate depends on income range from 0-20 effective 23%. Last edited: 12-Mar-18 12:29 AM

Try cointracker.io it screws up on your bitcoin cash basis though.

@anon : One Silly question. How do I find income tax rate ?

Look at the tax brackets. First 10,000 dollars is tax free. Last edited: 12-Mar-18 07:10 PM

Federal tax brackets: 2017 tax brackets (for taxes due April 17, 2018) Tax rate Single Head of household 10% Up to $9,325 Up to $13,350 15% $9,326 to $37,950 $13,351 to $50,800 25% $37,951 to $91,900 $50,801 to $131,200 28% $91,901 to $191,650 $131,201 to $212,500 33% $191,651 to $416,700 $212,501 to $416,700 35% $416,701 to $418,400 $416,701 to $444,550 39.6% $418,401 or more $444,551 or more Tax rate Married filing jointly or qualifying widow Married filing separately10% Up to $18,650 Up to $9,325 15% $18,651 to $75,900 $9,326 to $37,950 25% $75,901 to $153,100 $37,951 to $76,550 28% $153,101 to $233,350 $76,551 to $116,675 33% $233,351 to $416,700 $116,676 to $208,350 35% $416,701 to $470,000 $208,351 to $235,350 39.6% $470,001 or more $235,351 or more Last edited: 12-Mar-18 08:19 PM

Thanks anon and s001. Much appreciated ~