Tag: fair market value bitcoin

How To Report Bitcoin Sales On Tax Return

When it comes to tax season, most people know they need to report any income they’ve made over the past year. But what about bitcoin? How do you report bitcoin sales on your tax return? If you’ve sold any bitcoin in the past year, you’ll need to report that income on your tax return. The […]

What Is The Capital Gains Tax On Bitcoin

The IRS treats Bitcoin and other virtual currencies as property for tax purposes. This means that when you sell Bitcoin or use it to buy something, you may have to pay capital gains tax on the difference between the price you paid for the Bitcoin and the price at which you sold it. The IRS […]

How To Claim Bitcoin On Taxes

Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Bitcoin is unique in that there are a finite number of them: 21 million. As bitcoin becomes more popular, it is increasingly being used for a variety of transactions. Because […]

How Is Bitcoin Taxed In Us

Bitcoin, the world’s first and most well-known cryptocurrency, has been around since 2009. While it has been around for a while, there is still a lot of confusion regarding how it is taxed. In this article, we will try to clear up some of the confusion and give you a general overview of how Bitcoin […]

How To Calculate Bitcoin Gains

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]

How To Avoid Paying Taxes On Bitcoin

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]