I reported all USD received in exchange for BTC as other income received on my tax form last year...
I didn't WANT to, but I really don't need to be audited and lose more money over that.
Topic: Tax (Read 826 times)
And if so, would they have any recommendations on how to deal with the tax man?
Related:
- http://en.bitcoin.it/wiki/Tax_compliance
It seems with some of the options available, you really can make a living out of Bitcoins these days.
Does anyone currently do this for a full time living? And if so, would they have any recommendations on how to deal with the tax man?
I'm in the UK if that makes any difference, very interested to hear peoples experiences.
Does anyone currently do this for a full time living? And if so, would they have any recommendations on how to deal with the tax man?
I'm in the UK if that makes any difference, very interested to hear peoples experiences.
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