I'm looking for any information about US tax treatment of BitCoin/BitCoin earnings.
You might wish to read:
- http://en.bitcoin.it/wiki/Tax_compliance
Pretty much answered all my questions. Thanks!
Topic: Tax treatment of BitCoin? (Read 780 times)
You might wish to read:
- http://en.bitcoin.it/wiki/Tax_compliance
Pretty much answered all my questions. Thanks!
I haven't looked deeply into it, but my understanding is that bitcoin earnings would generally be considered a capital gain.
I'm looking for any information about US tax treatment of BitCoin/BitCoin earnings.
You might wish to read:
- http://en.bitcoin.it/wiki/Tax_compliance
Someone shared this on StackExchange http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.txt it is for Canada, so I don't know if it would be the same in the US, but it is the same for Spain in most of the points.
I am also curious as to how much people are actually declaring for taxes with this stuff, or how many people are using it for tax evasion?
I'm looking for any information about US tax treatment of BitCoin/BitCoin earnings. It sounds like a lot of people make their BTC by trading on exchanges, so I imagine they would be claimed on a return as capital gains while BitCoin earned from sales of goods and services would be claimed as income?
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