For USA residents, please keep in mind that not only is crypto mining a taxable event, but so is cashing out crypto to USD per the Internal Revenue Service. 1. DIMO to Matic 2. Matic to USD are considered as taxable events. Be sure to record the date and USD dollar value of DIMO and Matic at the time the swap/exchange took place. It's a tax headache for sure, so using a good crypto tax tracking software program can lessen the headache.
Question: does it also work with the currency euros or do you need other servers for that?
thanks for sharing. I wish there was a shorter route to fiat.
Hopefully that will change soon with the adoption of this project.
Is there any simpler ways to sell yet?
Unfortunately no but hopefully that changes soon
Does this still work as of 11/23?
Yes it still works. Great question.
$ is not showing up in the fiat wallet even after refreshing
For USA residents, please keep in mind that not only is crypto mining a taxable event, but so is cashing out crypto to USD per the Internal Revenue Service. 1. DIMO to Matic 2. Matic to USD are considered as taxable events. Be sure to record the date and USD dollar value of DIMO and Matic at the time the swap/exchange took place. It's a tax headache for sure, so using a good crypto tax tracking software program can lessen the headache.
This is great advice. Thank you for sharing
Taxes, smhaxes
Which crypto tax tracking software program do you recommend?