What cryptocurrency will overtake bitcoin
If you're paid in bitcoin other "convertible virtual currencies" as similar to how stock traders and when you dispose of.
online stores that use bitcoin
Crypto Taxes in US with Examples (Capital Gains + Mining)Cryptocurrency is classified as property by the IRS. That means crypto income and capital gains are taxable and crypto losses may be tax. Bitcoin has been classified as an asset similar to property by the IRS and is taxed as such. U.S. taxpayers must report Bitcoin transactions for tax purposes. You only pay taxes on your crypto when you realize a gain, which only occurs when you sell, use, or exchange it. Holding a cryptocurrency is not a taxable event.
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