Post
Topic
Board Legal
Re: Bitcoin Tax Logistics
by
bitcointaxes
on 05/05/2016, 01:11:06 UTC
and anyway every amount that do not surpass $600 per year, is not taxable

This is wrong. There are no limits for capital gains in the US, everything is reportable. You are confusing the 1099-MISC business form requirement.


See https://bitcoin.tax for more information and to help calculate your capital gains and income.


i said not taxable not not reportable, which is vastly different

They are both taxable and reportable.