Quote from: ISAWHIM on March 01, 2014, 08:20:23 AM

Quote from: fasmax on March 01, 2014, 07:09:02 AM

I couldn't get any dollars out of my GOX account all year.
I had about 16BTC in my GOX account and 1 or 2 thousand US dollars.
You really think I should amend my tax return?

If you didn't get it.. it wasn't "IN COME"... If it was in a bank, and obtainable (in your pocket), then it was income, at that point. Otherwise, it would have been savings, or long-term holdings of assets. (Gox was essentially a "promise to pay", but one which "could not have been realized", so not income.)

What was the value of BTC at the time you obtained it... (What did you buy it for, or what did it cost you to produce it?) Also, was that $2000 from a trade, or deposited?

Most were mined (produced) when BTC was just a few dollars. I sold several as the price of BTC increased and rebought as the price decreased. I had just under 20 BTC and no USD when GOX locked us out.