Ask HN: Tax Implications of Ethereum Smart Contracts?
Hey Guys, I’m thinking of building a web based app that uses smart contracts. If my app takes a percentage of a given transaction how does the IRS view that? Is it only taxed if I convert that to FIAT? Hoping some of you have experience with this. I also wonder if a given app utilizes smart contracts if that is considered a money transmitter business. 1 comments on Hacker News.
Hey Guys, I’m thinking of building a web based app that uses smart contracts. If my app takes a percentage of a given transaction how does the IRS view that? Is it only taxed if I convert that to FIAT? Hoping some of you have experience with this. I also wonder if a given app utilizes smart contracts if that is considered a money transmitter business.
Hey Guys, I’m thinking of building a web based app that uses smart contracts. If my app takes a percentage of a given transaction how does the IRS view that? Is it only taxed if I convert that to FIAT? Hoping some of you have experience with this. I also wonder if a given app utilizes smart contracts if that is considered a money transmitter business. 1 comments on Hacker News.
Hey Guys, I’m thinking of building a web based app that uses smart contracts. If my app takes a percentage of a given transaction how does the IRS view that? Is it only taxed if I convert that to FIAT? Hoping some of you have experience with this. I also wonder if a given app utilizes smart contracts if that is considered a money transmitter business.
Hacker News story: Ask HN: Tax Implications of Ethereum Smart Contracts?
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June 24, 2018
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