Over in the US, the 15th of April is the deadline in which people will have to file their taxes. This is pretty much a non-issue for most people, but at the same time for those who have been trading Bitcoin, what does this mean for them? Should they file Bitcoin as currency, capital gains, or can it be taxed at all (we guess this is obvious since it can be considered a source of income, much like trading shares and gaining interest)?
These questions have been around for a while as governments have been working and trying to decide what to do about the crypto currency since it’s a relatively new thing and firm regulations have yet to be put into place. Well wonder no more because the Internal Revenue Service (IRS) has since announced that Bitcoin is considered property and will be taxed in the same manner. (more…)
IRS Declares That Bitcoin Should Be Taxed Like A Property original content from Ubergizmo. 
     |
Post a Comment