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How are bitcoins taxed
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Topic: How are bitcoins taxed (Read 443 times)
btchaver
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How are bitcoins taxed
April 05, 2013, 05:09:45 PM
#1
ARe they like stocks if you hold you are not taxed until transfered to cash at the end of the year etc...
deadweasel
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Re: How are bitcoins taxed
April 05, 2013, 05:12:39 PM
#2
Quote from: btchaver on April 05, 2013, 05:09:45 PM
ARe they like stocks if you hold you are not taxed until transfered to cash at the end of the year etc...
Once sold, if you are a US citizen, you are expected to pay capital gains tax.
Soaring Dragon Self-Cultivation
litemyflame
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Re: How are bitcoins taxed
April 05, 2013, 05:13:31 PM
#3
Where do you live?
If you cash in on them you will have to pay taxes in most countries.
DannyHamilton
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Re: How are bitcoins taxed
April 05, 2013, 05:49:36 PM
#4
Quote from: litemyflame on April 05, 2013, 05:13:31 PM
Where do you live?
If you cash in on them you will have to pay taxes in most countries.
In the U.S. you will be expected to pay taxes even if you spend them instead of "cashing them in".
btchaver
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Re: How are bitcoins taxed
April 05, 2013, 06:44:50 PM
#5
Why cant i start a new post or reply to other post except the ones in my profile that i have luckily poted to are there limits. or what ?
DannyHamilton
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Re: How are bitcoins taxed
April 05, 2013, 07:31:55 PM
#6
Quote from: btchaver on April 05, 2013, 06:44:50 PM
- snip -
are there limits. or what ?
Yes.
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