What about Bitcoin and taxes?


SUBMITTED BY: InternetFreedom

DATE: Sept. 1, 2016, 3:43 p.m.

FORMAT: Text only

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  1. Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.

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