US says Bitcoin is taxable as property, not a currency

By March 25, 2014Bitcoin Business
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US says Bitcoin is taxable as property, not a currency


US says Bitcoin is taxable as property, not a currency

The US tax authority on Tuesday ruled that Bitcoin will be taxed as property, like stocks or real estate, rather than as a basic currency like the dollar. Issuing the ruling just weeks before the April 15 deadline for paying 2013 taxes, the Internal…

 

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