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!