Quote:
Originally Posted by GP_Matt
For those who did cash in and those mining them, has anyone looked into the tax implications?
If you bought coins low and sold high you would owe tax on the gains just the same as if you mine coins and sell them, if there is profit it is taxable.
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I guess tax-wise it would look like capital gains from currency exchanges...but Bitcoin is hard to track and that's why it's enticing for criminals. I doubt most people claim Bitcoin income.