Do I have to pay tax on BAT that I buy to use as a service token in the USA


#1

I love the idea of using BAT to fund sites that I spend time on. But I haven’t bought any yet because I am concerned with the tax implications in the USA of buying the BAT and using it. Is there any guidance on using the tokens as a service token and not as an investment?

I’d really hate to start using BAT tokens and then find that my taxes get much more complicated.


#2

It appears that for anyone subject to US taxes, use of cryptocurrency is fraught with complex reporting requirements and tax ramifications:

http://www.investmentnews.com/article/20180223/FREE/180229948/why-cryptocurrency-could-be-your-worst-tax-nightmare


#3

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