Tax

curiousone (OP)

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Tax

August 16, 2012, 01:27:03 PM

#1

It seems with some of the options available, you really can make a living out of Bitcoins these days.

Does anyone currently do this for a full time living? And if so, would they have any recommendations on how to deal with the tax man?

I'm in the UK if that makes any difference, very interested to hear peoples experiences.

Coinoisseur

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Re: Tax

August 16, 2012, 01:38:44 PM

#2

If you're making significant profits from bitcoins I'd suggest consulting a tax specialist.

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Stephen Gornick

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Re: Tax

August 16, 2012, 07:20:15 PM

#3

Quote from: curiousone on August 16, 2012, 01:27:03 PM

And if so, would they have any recommendations on how to deal with the tax man?

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Electricbees

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Re: Tax

August 16, 2012, 07:49:19 PM

#4

I reported all USD received in exchange for BTC as other income received on my tax form last year...

I didn't WANT to, but I really don't need to be audited and lose more money over that.

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