I don't know how the top answer said there are no strict rules for bitcoin. I edited that, but in case it gets edited back: https://www.irs.gov/uac/newsroom/i

I don't know how the top answer said there are no strict rules for bitcoin. I edited that, but in case it gets edited back: https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidance https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidan... In this case it would be subject to capital gains tax.