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Title: [2016-01-07] How the USA taxes Bitcoin • IHB News™ Post by: anirgu on January 07, 2016, 07:51:06 PM https://ihb.io/wp-content/uploads/2016/01/How-the-USA-taxes-Bitcoin-IHB-News%E2%84%A2.gif
Since Bitcoins are not presently considered to be a currency, the normal barter rules apply – just as if the taxpayer was exchanging goods and services for property, such as gold bullion. Thus, if a taxpayer received Bitcoins in exchange for services, the taxpayer must report service income up to the fair market value of the Bitcoin received. Read More.... (https://ihb.io/2016-01-07/news/how-the-usa-taxes-bitcoin-26937) |
