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Bitcoin is not a currency for tax purposes in the USA.

• speedplane 9y ago
  Certain states now require you to report bitcoin gains... so actually it is.
  • zodiac 9y ago
    All states require you to pay capital gains tax on Apple stock...it must be a currency then
    • speedplane 9y ago
      There are a lot of ways of defining what a currency is or is not. Taxing gains on it is one way. Another way is having an official body say so, which has happened in several US court cases.
• DennisP 9y ago
  Right, which is why you can't exclude small transactions now. The bill I mentioned has been introduced to fix that.