|
Title: BTC securities and capital gains/losses Post by: SZD on March 18, 2013, 09:33:04 PM Hi All,
I was thinking about exchanging some USD to BTC and buying Bitcoin securities. I'm worried about the legal and tax implications though. Anyone have experience with this? Would I report the currency gain/loss on my 1040? Then the capital gain/loss on 1099 and 8949? Can you even report an unregistered security like the various Bitcoinin ones? I think it would be fun to do some trading but don't want to break any laws :). This is for the USA BTW. Thanks for any info! Title: Re: BTC securities and capital gains/losses Post by: btc advocate on February 16, 2014, 06:06:51 AM where would you be buying those btw securities?
Title: Re: BTC securities and capital gains/losses Post by: el_Tico on February 20, 2014, 03:50:10 PM Typically, If you are reporting a gain or loss, the security has to be acknowledged by the SEC. You can buy derivatives based on Btc but these aren't securities.
|