It is categorized similarly as assets such as stocks or ln back to bite you. LinkedIn Link icon An image pointing right. The hard part is mostly.
Subject to eligibility requirements. IRS Notice , as modified by Notice , guides individuals and businesses on the tax treatment of transactions using convertible virtual currencies. The following activities are not considered taxable events:. When calculating your gain or loss, you start first by determining your cost basis on the property. The Form asks whether at any time during , I received, sold, exchanged, or otherwise disposed of any financial interest in any virtual currency.
