Questions about taxes due to mining, trading, and getting paid in Cryptocurrency.
Questions tagged [taxes]
84 questions
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transferring bitcoin among friends and taxes
I gave my friend btc (ie sent it to their address) to trade together with their btc last week. I'm suddenly worried about taxes (in the US). If right now, they give me back exactly as much btc as I gave them, are there tax ramifications? Can I sell…
user50947
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An App for Crypto Currency Tax Declaration
For my tax declaration, I would like to use an app that allows me to scan all my transaction.
Do you know one ? Or are you interested to use one ?
Thanks
Bitcoin
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How I should pay tax if I buy Bitcoin from an overseas friend
Assume I buy 1 bitcoin from an overseas friend which is USD$10 and I sell it in US for $11.
is it legal? I am afraid, it would be considered money laundry
I will not be able to have official receipt from my friend, do I pay tax as for the earning…
Marco
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How would tax and government revenue be enforced in a bitcoin run society?
If we say, hypothetically, the future has a society that runs solely on Bitcoin as its currency. Because of its anonymity how would tax and government revenue be enforced in this society? At this point, naturally, Bitcoin will no longer be…
Josh
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Is Bitcoin given as a gift taxable?
Question by someone who is new to Bitcoin. Bitcoin mining is considered taxable income in the US. However, if it's given as a gift, then should it be taxable under US law?
Tygra War
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How are bitcoin trade profits taxed in Poland?
I turned some profit when trading bitcoin on Bitcurex - likely enough to exceed the tax-free income value in Poland. That likely would mean I should declare the profits in my tax return forms and pay income tax on them, but I have no clue how they…
SF.
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Taxation and Cryptocurrencies
How can a government make people holding Bitcoin pay capital gains tax on their holdings if everyone is pseudonymous?
If crypto becomes widely adopted, will we have to rely more on sales taxes (e.g. at the point of sale), and less on wealth taxes?
ABCBAA
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How do I provide proof of a transaction for tax purposes?
How do I provide proof of a transactions for taxation purposes?
Paul
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what are my tax implications for cryptocurrency?
Do I pay any taxes to purchase or sell bitcoin? If I use a Bitcoin debit card and withdraw USD from an ATM, is it a taxable event?
user25300
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Taxes when selling products/services in bitcoin
If I sell products/services in bitcoins, do I need to convert them to dollar (or the local currency) always? Or it's ok to charge in Bitcoin and fill the invoice in BTC (and/or with the conversion to local currency) but keep the payment in BTC?
Or…
Enrique
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2 answers
BTC taxation: difference between EU and US
How is it possible in US if someone reveiced salary in Bitcoin, right on that day income become taxable? In Europe, in Hungary only when BTC is sold and sent to a bank account it become taxable. So in my country my assumption is, it is possible to…
János
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Is the appreciation in bitcoins taxable?
If you have large gains in bitcoin, is there any way that it can be taxed? If I have $5000, and it appreciates to $10,000 worth of bitcoin, when I sell bitcoin for dollars can it be taxed as a capital gain? I would think that since there is no…
user3650
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in the united states if i buy or sell btc should i pay sales tax and captital gain tax?
As the title.suggests. I understand if I sell bitcoins, or make purchases (say I briefly sell for use then purchase good) I should pay capital gain if there was one. But should I also pay sales tax if I purchase btc for usd? Technically am I liable…
marshal craft
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Do I have to pay tax if I buy bitcoins with my USD?
Theoretical question:
If I make $1000, which gets deposited into my bank account, and then I deposit that $1000 into a bitcoin wallet the next day, and just sit on it for one tax year, do I have to pay income tax on that $1000? Can the gov't track…
0
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1 answer
Bitcoins and taxes
Most, if not all governments, have some form of sales tax. What happens to bitcoin value when governments prohibit use of bitcoins to curb evasion of taxes
David
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