Monday, 27 January 2014

How do you tax Bitcoin? The IRS doesn’t know

Bitcoins

A proper tax regime for U.S Bitcoin users is up in the air as the IRS doesn’t know how to classify Bitcoin. To the taxman, what is Bitcoin? Is it a currency? Commodity? Or Asset? As there is no definite answer, and that will make things difficult for American Bitcoin users come tax season. While [...]


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