Taxation is a touchy subject when it comes to cryptocurrency, and many Dash users are likely in the dark on how to properly report their income and capital gains for taxation purposes, particularly in the US. Fortunately, companies like Node40 provide a way for users to make sense of their accounting and bring their cryptocurrency holdings up to fully compliant accounting standards.
I spoke with Perry Woodin of Node40 about tax and regulatory compliance in cryptocurrency, particularly in calculating and reporting PrivateSend anonymous transactions.
Note: Lighting issues caused some video quality issues on Mr. Woodin’s end, quality improves later on
Interesting and a bit scary. I have a appointment with my accountant that I keep putting off but looks like it will be happening this next month. This was very helpful, thanks guys.
Yeah no prob. I wonder when the day of reckoning is coming.