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This may have been good advice previously, but the IRS has issued guidance on buying/selling BTC and mining. The former is treated as capital gains, the latter
by sf_rob 9y ago
This may have been good advice previously, but the IRS has issued guidance on buying/selling BTC and mining. The former is treated as capital gains, the latter income. AFAIK they have not issued guidance on coin conversions (probably capital gains events) or hark forks.
- lucaspiller 9y agoHere is the UK’s HMRC equivalent for anyone wondering: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies https://www.gov.uk/government/publications/revenue-and-custo...