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


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.


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

closed #3

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