Post
Topic
Board Legal
Re: Bitcoins and Tax
by
axel2078
on 09/10/2014, 17:22:48 UTC
So will people be taken for taxes this year because of property?  Is there a small amount of coins you can sell without worrying, I have sold some through coinbase(probably under $200) should I even be worried at all?

One of the articles I read mentioned transactions consisting of $600 or more, so you're probably fine.  I'd say you are ok regardless because this is all in relative infancy and the IRS is just now starting to actively take interest in it.  Most people aren't even aware that the IRS is claiming they will tax bitcoin now.