How to Calculate Taxes on Steemit Income


I’m still in the process of getting my cryptocurrency tax affairs in order. It’s involved searching far and wide across the internet for useful tools and resources to help make the process a little less painful.

I was quite nervous about how I was gonna deal with Steemit. That was until I discovered a great website called steemreports.com. There are two pages that make it very useful:

Financial Accounts Report – http://www.steemreports.com/accounts-reporting-tool/ (for full transaction history & capital gains)

Financial Accounts Summary – http://www.steemreports.com/financial-accounts-summary/ (for income tax)

In this video, I provide an introduction to both of these resources and how they might help you calculate your own tax liabilities.

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

DONATIONS

♥ ETH: 0xc12f59c4e23dccd369437bbdb09470879d8c0825

♥ BTC: 1L2LswVmTobmEK8dy6Yw9nWx93Z1zZ1jb3

♥ LTC: LRXk5EwrR6VJYJcLYZLNY5B1uhoiUchtF5

♥ GBYTE: 5QRFNHCHE4FN3OR5REYDM7BFJP7EPWIU

♥ Dash: XyAPcaHdZJKuXiruHkAXkKgCMWHfaPFVgc

♥ ETC: 0x3bec3f9e112e719330d1732d60b02724b1b5a76c

♥ ZEC: t1gGY496794uEC4dTPiXitU8nYgXGLm78HH

♥ DGE: DFoVXJTiGKXTPUeztrpmYEWaHtXrBK452y

ESSENTIAL CRYPTO RESOURCES

♦ Recommended place to buy Bitcoin/Ethereum: COINBASE –

Sign up here: https://www.coinbase.com/join/58977243c1604b62321378df

♦ Recommended Wallet: LEDGER NANO S –

Available here: https://www.ledgerwallet.com/r/3c47

♦ Recommended Exchange: (TBA)

SOCIAL MEDIA LINKS

● Facebook: https://www.facebook.com/LouisThomasChannel/

● Twitter: https://twitter.com/LouisThomasYT

● Instagram: https://www.instagram.com/louisthomaschannel/

● Snapchat: louisxthomas

● Steemit: https://steemit.com/@louisthomas

CHANNEL RESOURCES

■ My Book: How to Choose a University

Available here: http://tinyurl.com/y87e2ce6

■ Camera: Nikon D5100 (old but affordable)

Available here: http://tinyurl.com/y9cslp2u

■ Microphone: RODE VideoMic GO

Available here: http://tinyurl.com/y9rceoer

■ Tripod: Polaroid 184cm

Available here: http://tinyurl.com/yarefpr9

Panama Hat No Voice by Audionautix is licensed under a Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/)
Artist: http://audionautix.com/