Tax treatment of BitCoin?

[21after2]

I'm looking for any information about US tax treatment of BitCoin/BitCoin earnings. It sounds like a lot of people make their BTC by trading on exchanges, so I imagine they would be claimed on a return as capital gains while BitCoin earned from sales of goods and services would be claimed as income?

[Themightyone]

I am also curious as to how much people are actually declaring for taxes with this stuff, or how many people are using it for tax evasion?

[btcven]

Someone shared this on StackExchange http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.txt it is for Canada, so I don't know if it would be the same in the US, but it is the same for Spain in most of the points.

[Stephen Gornick]

I'm looking for any information about US tax treatment of BitCoin/BitCoin earnings.

You might wish to read:

 - http://en.bitcoin.it/wiki/Tax_compliance

[Bendur]

I haven't looked deeply into it, but my understanding is that bitcoin earnings would generally be considered a capital gain.

[21after2]

I'm looking for any information about US tax treatment of BitCoin/BitCoin earnings.

You might wish to read:

 - http://en.bitcoin.it/wiki/Tax_compliance

Pretty much answered all my questions. Thanks!