[Chugalug] Did you hear? The IRS wants your Bitcoins!

William Roush william.roush at roushtech.net
Wed Mar 26 14:07:05 UTC 2014


Capital gains tax.

Though that will rock for those that bought back when it was high and 
decided to cut their losses, tax deduction.

I'd complain that it kills the promotion of Bitcoin through small token 
trades (though people typically aren't going to put down that they have 
$5 in capital gains this year) -- but the deflationary nature of it and 
hoarding has done that already.

William Roush
william.roush at roushtech.net
423-463-0592

http://www.roushtech.net/blog/


On 3/26/2014 9:10 AM, Rod wrote:
> To the IRS if you think it is property and not currency how can you 
> tax it?



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