logoalt Hacker News

Sargosyesterday at 6:50 PM1 replyview on HN

You do not need to report a $0 capital gain when using stablecoins. Sure crypto can seem like the wild West with CPAs having different opinions on what little official guidance is out there but that one is simply absurd.


Replies

mothballedyesterday at 7:31 PM

CPA Miles Brooks claims you do[]

   You are required to report capital gains and losses from stablecoins on your tax return (though it’s likely that your gain will be close to 0). 
[] https://coinledger.io/blog/stablecoin-taxes