Canadian Turbo Tax & Bitcoin income

Bitcoin Forum

April 25, 2024, 12:12:28 PM

Welcome, Guest. Please login or register.

News: Latest Bitcoin Core release: 27.0 [Torrent]

Home

Help

Bitcoin Forum > Bitcoin > Bitcoin Discussion > Legal > Canadian Turbo Tax & Bitcoin income

Pages: [1]

« previous topic next topic »

Author

Topic: Canadian Turbo Tax & Bitcoin income (Read 832 times)

Cosmorph (OP)

Newbie

Offline

Activity: 16
Merit: 0

Canadian Turbo Tax & Bitcoin income

March 23, 2014, 08:24:21 AM

Mined some Bitcoin a couple years ago and finally sold them over the 2013 tax year. I'm looking todo my taxes in Canada with Turbo Tax.
Has anyone on this forum done this before? How should I declare the income I received and under what form?

Or should I just hit up a pro accountant?

My situation can't be that unique gotta be some of you out there that have done this before, any tips or suggestions would be appreciated.

Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

1714047148

Hero Member