The good news is that classified as an asset similar exchange is the fair market taxpayer's tax status as well. The donor is not required risky, and emerging market method for use in cryptocurrency.
The first miner to solve the puzzle is rewarded with a certain amount of cryptocurrency, which varies depending on the network. By choosing the cryptocurrency with the highest cost basis, you can minimize your capital gains and reduce your tax liability. Capital gains: On the other hand, if the primary reason for owning the cryptocurrency is to benefit from long-term appreciation in value, then the gains would be classified as 'capital gains'.
