Topic: BTC securities and capital gains/losses (Read 1260 times)
Typically, If you are reporting a gain or loss, the security has to be acknowledged by the SEC. You can buy derivatives based on Btc but these aren't securities.
where would you be buying those btw securities?
Hi All,
I was thinking about exchanging some USD to BTC and buying Bitcoin securities. I'm worried about the legal and tax implications though. Anyone have experience with this? Would I report the currency gain/loss on my 1040? Then the capital gain/loss on 1099 and 8949? Can you even report an unregistered security like the various Bitcoinin ones? I think it would be fun to do some trading but don't want to break any laws
. This is for the USA BTW.
Thanks for any info!
I was thinking about exchanging some USD to BTC and buying Bitcoin securities. I'm worried about the legal and tax implications though. Anyone have experience with this? Would I report the currency gain/loss on my 1040? Then the capital gain/loss on 1099 and 8949? Can you even report an unregistered security like the various Bitcoinin ones? I think it would be fun to do some trading but don't want to break any laws
. This is for the USA BTW. Thanks for any info!
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