RE: If You Traded Bitcoin, You Should Report Capital Gains To The IRS? Really?

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If You Traded Bitcoin, You Should Report Capital Gains To The IRS? Really?

in cryptocurrency •  7 years ago 

Are you really surprised? I don't recall the Bitcoin white paper mentioning tax evasion as a purpose.

cryptocurrency
7 years ago by

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      ·  7 years ago 

    Bitcoin. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.

    Wouldn't this meant it can not be taxed?

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        ·  7 years ago 

      That is a non sequitur. It does not follow that because bitcoin is not fiat or centralized you should not expect to be taxed on fiat gains you make with it.

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