[CNBC] If You Own Bitcoin, Here's How Much You Owe In Taxes

in cryptocurrency •  7 years ago 
Almost no one seems to pay, but whether you've used bitcoin as an investment or as a currency you owe taxes on it. 

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

So now Bitcoins not not a way or method for payment transaction or currency , the government decided to claim it as a properly just for taxes?

"Two things are certain in this world - death and taxes" as mr. Franklin said.

But lets consider two points:

  • do not have to( you have to but you may for own risk skip it) pay till you buy assets like cars and immovables
  • pay every income of bitcoin and be sure that noone gives a s...... especially government

That doesn't seem right, can you crunch the numbers again?

As a side note, does that mean that when a Hospital or other company had to pay ransomware they now have to pay taxes on top of that? weird world we live in.

What a weird thought to ask lol

You got me wondering if people who pay money to get a family member back from a hostage situation, is that taxed?

Can you send the hostage takers a 1099-MISC?