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3 days ago … Did you own bitcoin in 2017, riding the cryptocurrency roller coaster captivating the nation? You may owe bitcoin taxes — even if you only spent bitcoin and haven't traded it. You can run afoul of IRS rules on bitcoin in surprising ways.

The IRS has yet to rule on how to report income from Bitcoin. That has left Bitcoin enthusiasts in a legal no man’s land.

Cryptocurrency Taxes Contents Cryptocurrency and taxes Points out they do Search for some useful tips about If you’ve made your riches off the soaring bitcoin price, you now have to contend with an inescapable reality: cryptocurrency taxes! Whether you file online or in an office. File taxes your way with H&R Block®. While the focus may be

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Jan 29, 2018 … It's been a turbulent year for bitcoin, and now it's time to talk about taxes. nearly everyone who held on to bitcoin over the past year made money off of it, and as Americans prepare for income tax season, the IRS wants its cut of the profits.

Feb 21, 2018 … When it comes to cryptocurrency, the IRS and taxes, taxpayers should stay ahead of the game rather than be reactionary.

3 days ago … tax-free swaps of Bitcoin and other crypto are still being debated as thousands of crypto investors do their taxes. Be careful, the IRS is watching.

Virtual currency like Bitcoin has shifted into the public eye in recent years. Some employees are paid with Bitcoin, more than a few retailers accept Bitcoin as payment, and others hold the e-currency as a capital asset. Recently, the Internal Revenue Service (IRS) clarified the tax treatment of Bitcoin and Bitcoin transactions.

U.S.-based blockchain executives sound off: "The swell is likely due to the impending completion of tax season," says Sheffield Clark, CEO of Coinsource, …

Whether you file online or in an office. File taxes your way with H&R Block®.

Mar 16, 2018 … Whenever bitcoin is bought, sold, or traded, there are tax consequences. The Internal Revenue Service has ruled that bitcoin and other "convertible virtual currencies" are "treated as property," not treated as currency. This might sound like a minor distinction, but it's not. It determines how bitcoins are taxed, …

Many entrepreneurs find themselves wondering exactly how bitcoin is taxed. Our H&R Block Tax Pros are prepared to assist self-employed filers with Bitcoin taxation.

Bitcoin surged more than 14% in less than an hour Thursday morning, briefly passing the $8,000 level that it has not seen since March. "The swell is likely …

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