Post
Topic
Board Bitcoin Discussion
Re: Are Bitcoins taxable?
by
wanimulyo
on 05/04/2018, 06:00:54 UTC
Let's Bitcoin takes off. Say you lived in the US and had an online service that dealt in the equivalent of ~20,000 USD or more income for you (personally). What are the laws for income tax on a currency like this? Can you get in trouble with the IRS by simply having tons of BTC that the market values at (currently) almost 5$ per BTC?

I think, bitcoin is taxable. If government really wants to tax you , you must pay it.