Post
Topic
Board Legal
Re: Bitcoin Circle Tax Question
by
bitcointaxes
on 10/02/2016, 02:31:26 UTC
Anything less then $600, doesn't need to showing up in your tax return ...
I took a HR block class, the instructor said so.
They are after big fish, not tiny tiny $6.

You need to ask for a refund. They were wrong.

There are no limits for capital gains reporting in the US. Every $1 gain should be reported.

The $600 common misconception is the limit at which a business needs to issue a 1099 form. Nothing to do with gains.