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SZD (OP)
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March 18, 2013, 09:33:04 PM
 #1
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 Smiley. This is for the USA BTW.

Thanks for any info!
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February 16, 2014, 06:06:51 AM
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where would you be buying those btw securities?
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February 20, 2014, 03:50:10 PM
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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.
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