Quote from: gregyoung14 on February 24, 2016, 09:15:17 AM

Quote from: icanscript on February 24, 2016, 09:04:12 AM

Quote from: Prinny on February 24, 2016, 08:27:52 AM

How do I file for taxes while earning any crypto currency such as bitcoin, litecoin, DASH, etc?

Depends how much you earn and how you use it....

if its a hobby it doesn't have to be declared, if your earning BTC for a living like 50+ a month and withdrawing to your bank, then maybe you do have to do declare.

I've never declared taxes for my BTCs. Does that get me into trouble?

If its a hobby no. I am sure you will be fine. as long as its not your main income.

I once made 20k on BTC, withdrew to bank, didn't say a thing.

But this is UK, I guess it depends what country your in and how close they monitor your finances.