The IRS just ruled that Bitcoins are property, not currency, and are subject to capital gains taxes when they are spent. IOW, you have to keep track of your ba

The IRS just ruled that Bitcoins are property, not currency, and are subject to capital gains taxes when they are spent. IOW, you have to keep track of your basis every time you buy and spend Bitcoins, just like stock. http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property...