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IRS: Virtual Currencies are Taxable

posted by LaminatorX on Wednesday March 26 2014, @08:40AM   Printer-friendly
from the you-know-you've-arrived-when dept.

gishzida writes:

Reuters reports, "Wading into a murky tax question for the digital age, the Internal Revenue Service said on Tuesday that virtual currencies such as Bitcoin are to be treated as property for tax purposes. General tax principles that apply to property transactions apply to transactions using virtual currency," the IRS said in a statement."

Better put that BTC wallet in a mattress.

 
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  • (Score: 0) by Anonymous Coward on Wednesday March 26 2014, @12:39PM

    by Anonymous Coward on Wednesday March 26 2014, @12:39PM (#21590)

    I'm running out of time to do my taxes.

    Someone meet me in lowsec, I need to lose a fleet of battleships.