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Topic: Are Bitcoins taxable? - page 23. (Read 5286 times)

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May 10, 2011, 12:26:15 PM
#1
Let's Bitcoin takes off. Say you lived in the US and had an online service that dealt in the equivalent of ~20,000 USD or more income for you (personally). What are the laws for income tax on a currency like this? Can you get in trouble with the IRS by simply having tons of BTC that the market values at (currently) almost 5$ per BTC?
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