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Showing 6 of 6 results by iop789
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Topic
Board Legal
Re: How is Bitcoin taxed??
by
iop789
on 12/12/2017, 18:24:13 UTC
Wow, that was really helpful. Thanks for sharing!
Post
Topic
Board Bitcoin Discussion
Re: Politics behind Bitcoin development?
by
iop789
on 12/12/2017, 17:53:08 UTC
Well, the IRS has already been getting involved trying to tax it so...: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a currency or asset?
by
iop789
on 12/12/2017, 17:46:08 UTC
Yes, it is an asset. The IRS now classifies cryptocurrencies as "property" based on a recent Revenue Ruling. Someone shared this paper with me, which I found helpful for understanding the tax effects of cryptocurrency trades: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/.
Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
iop789
on 12/12/2017, 17:37:42 UTC
Does anyone know how Bitcoin is taxed? Also, will it change if other cryptocurrencies replace it? Trying to figure out if I should wait to trade or not...
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Topic
Board Off-topic
Re: Are bitcoins only for the educated and knowledgeable people only?
by
iop789
on 12/12/2017, 17:31:12 UTC
Does anyone know how Bitcoin is taxed?
Post
Topic
Board Legal
How is Bitcoin taxed??
by
iop789
on 12/12/2017, 17:25:01 UTC
I've been trying to figure out how Bitcoin is taxed before I trade. Does anyone know?