Nermin MuataficDec 25, 2021 · 3 years ago6 answers What are the tax implications of converting TC to USD?
When converting TC (Token Currency) to USD (United States Dollar), what are the tax implications that one should be aware of? Are there any specific regulations or guidelines that need to be followed? How does the tax treatment differ for different types of transactions, such as buying goods or services, trading on exchanges, or converting to fiat currency? What are the potential consequences of not reporting these transactions accurately to the tax authorities?