Quote:
Originally Posted by DWB
That is all common sense. Most people who don't live in Bitcoinland have been saying that from day one while Bitboys held onto the idea that since nothing was directly said about it, it was exempt. It doesn't matter how you make money or by what means, it is taxable.
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Agreed.
We've been treating it as an investment (that is taxable) since the get go anyone who treats it otherwise is just being stupid, the IRS will at some point likely find out about it.
Whether that be thru regulation of the exchanges or seizing exchanges and gathering their data, the IRS will eventually discover the amount of taxes owed by people.
That is, if they aren't to busy trying to clean up their scandal
