The only time you have to report is if you sell. If you never sell link it could go to $1B and you don't pay a cent. You only pay if you sell. But if you swing, that is selling and taxable.
We’re going to be filthy rich, aren’t we?
John Nguyen
William Hughes
Checked and WTF'd
Cameron Wright
Ahahahahahahahha!!!! Have fun selling at $100 to buy your Ford Focus and a condo. Do you even know what Link is?
Easton Allen
Just buy. For the love of God buy. Don't miss the train fren.
Lincoln Rogers
Never bought crypto before. how do i buy this?
Elijah White
You don’t.
Aiden Taylor
Coinbase. Go all-in with every spare penny you have on CHAINLINK.
Ryder Young
Digits of truth. All in baby
Camden Martin
stinky stinkin rich
Cameron Brooks
I've been looking alot into it. Yes it's a taxable event when you make the trade, holding the asset as it accrues value wont provide any liability until you've traded it for anything really. So you wont have to sell your stack to pay with worth you didnt accrue. Minimally just the p/l in your trades. Initially youll probably scrape your stack catching up. But planning pricing that in for the future shouldn't be that painful if you play it right. Avoid, dont evade. Plus most of us have established a long term hold, which is very helpful.