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How is bitcoin income reported and taxed? Is it the same as holding a stock?
by schrodinger 13y ago
How is bitcoin income reported and taxed? Is it the same as holding a stock?
- mcherm 13y agoYou should ask a tax professional or your own tax lawyer for advice. But my own plan is to treat it as being equivalent to holding a foreign currency which, in the US is (more-or-less) taxed like capital gains that is always considered short-term regardless of how long you held it. I may be wrong.
- taigeair 13y agoDon't think it's regulated that much yet.
- wmf 13y agoIn the absence of specific regulation, everything is taxed by default.