The Internal Revenue Service (IRS) is the United States government agency responsible for collecting taxes. Bitcoin is a digital asset 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. […]
How To Report Bitcoin On Turbotax
When it comes to reporting your bitcoin transactions on Turbotax, there are a few things you need to keep in mind. In order to correctly report your bitcoin transactions, you need to know what a bitcoin is, how it is taxed, and how to value it. What is a Bitcoin? A bitcoin is a digital […]
Read Time:
25 Min
0
How To Sell Bitcoin Without Paying Taxes
The process of selling Bitcoin is not as complicated as it may seem at first glance. In fact, there are a few different ways you can go about it, each with its own advantages and disadvantages. One way to sell Bitcoin is to use an online exchange. This is a popular option because it’s relatively […]
Read Time:
19 Min
0
What Is The Tax Rate For 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 […]
Read Time:
18 Min
0
How To Not Pay Taxes On Bitcoin
Cryptocurrencies like Bitcoin are often seen as a way to avoid taxes, but is this really the case? In this article, we’ll take a look at how to not pay taxes on Bitcoin, and whether or not this is actually possible. One of the main benefits of Bitcoin and other cryptocurrencies is that they are […]
Read Time:
18 Min
0
Sold Bitcoin On Robinhood Where Is My Money
A lot of people are wondering where their money went after they sold their Bitcoin on Robinhood. After all, it’s your money and you should be able to do whatever you want with it, right? Unfortunately, things are not that simple. When you sell Bitcoin on Robinhood, the money doesn’t go straight into your bank […]
Read Time:
18 Min
0
How To Avoid Taxes With Bitcoin
Bitcoin is a cryptocurrency that has been around since 2009. It 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. […]
Read Time:
21 Min
0
How To Report Bitcoin Income On Tax Return
The IRS has released guidance on how to treat bitcoin and other virtual currencies for tax purposes. Here’s what you need to know. What is 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 […]
Read Time:
18 Min
0
How To Report Bitcoin On Taxes
As Bitcoin becomes more popular and its value continues to rise, more and more people are wondering how to report Bitcoin on their taxes. The good news is that it is relatively easy to do, but the bad news is that there are a lot of different ways to do it, and the rules can […]
Read Time:
20 Min
0
How To Find Out If You Own Any Bitcoin
How To Find Out If You Own Any Bitcoin There are a few ways to find out if you own any Bitcoin. One way is to check the balance of any Bitcoin addresses you may have. Another way is to look at the transactions associated with your Bitcoin addresses. Checking The Balance Of Bitcoin Addresses […]
Read Time:
20 Min
0
0