If a little oversight of scam ICOs and crapcoins leads to wider adoption of legit crypto and further decentralizes transfers perhaps into micro-exchanges along with P2P swaps and business adoption then I’m all for it. I currently view recent news ramblings as a net positive - both for crypto overall and particularly for privacy coins e.g. AEON.so much for anonymity and freedom from government oversight. Sigh, 2018 is starting to bum me out already.
If you are wanting to be anonymous you should not be touching the coinbase platform with a 10 foot poleSadly, the government is rarely one to apply a light touch when it comes to potential sources of revenue.
Not a CPA either, but the way I understand the rules (https://forums.servethehome.com/index.php?threads/death-and-taxes.17728/) is that you'll have to pay taxes twice if you're mining. Mining income is subject to self employment tax. So, you should be paying self employment taxes on the net amount of crypto you mined converted to USD on the day you received the payment. Then if/when you sell, you'll be subject to ordinary income or capital gains taxes, assuming asset appreciation occurred.
I am unable to see my USD wallet, hence can not move funds.@Serhan and you made a coinbase gdax account and cannot transfer coins into their gdax system and trade there?