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Board Beginners & Help
Re: US citizens, do you pay taxes on bitcoin exchange?
by
VoluntaryMan
on 08/04/2012, 00:56:40 UTC
Other currencies are not unrealized tax gains, those are already realized.

You should see BTC more as stocks, only taxable once sold.

as i said, governments will eventually put BTC in the list of 'currencies' if for nothing else but taxation purposes.


I honestly doubt they will in the foreseeable future!
For them to acknowledge BTC as a currency they would have to accept its validity, something they would really hate to do.