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Thursday, January 25, 2018

If you own bitcoin, here's how much you owe in taxes

Whether you've used bitcoin as an investment or as a currency, you owe taxes on it. As far as Uncle Sam is concerned, bitcoin is not currency. It's property. That means whenever you buy something with bitcoin, it's two transactions, not one. What you're actually doing is selling a property (bitcoin) for a ...

from Google Alert - Bitcoin http://ift.tt/2rEDhAE

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