Post
Topic
Board Legal
Re: Bitcoins and Tax
by
charliemaggot
on 14/10/2014, 03:16:44 UTC
So if I can't use Coinbase to sell my coins, what can I use?

And does this work the other way around, if you purchase coins can you use them as a deduction on your taxes?

Bitcoin purchases aren't tax deductible. But you can claim capital losses from trading at a loss, up to the value of your other gains that year and $3,000 income.