Bitcoin Taxes in 2019: A Guide to Tax Rules for

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.
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Transferring Bitcoin tax?

Hey, sorry about another post about the emails. I bought some crypto in 2018 (bitcoin) transfered some of it to my other wallet which I am planning on using. However, I got an email from ATO saying I disposed off my bitcoin. Not sure what to do? Should I report the amount I transfered? Thank you
submitted by siddheshk17 to BitcoinAUS [link] [comments]

Bitcoin Tax Question

From Investpedia:
“If bitcoins are received as payment for providing any goods or services, the holding period does not matter. They are taxed and should be reported, as ordinary income.”
So. Does that mean, if you earn a 1BTC ($1000) payment in 2014 for sales goods and services, you pay your taxes on it for the 2014 tax year.
But, if you kept that original coin until now, you could cash it out for USD, at ten times the starting price? It was originally income, not an investment. Does that matter?
It shouldn’t, right? If you earn USD as income and hide it away in a hole in the ground, and the value of the dollar happens to deflate substantially after the point you earned your cash, you don’t have to pay capital gains on the increased buying power of your USD.
Thank you in advance. I am very confused about how it’s taxed in these circumstances. If capital gains taxes must be calculated, it would seem like a major hassle for a business that was making hundreds of transactions in bitcoin and holding it all, while it appreciates.
submitted by enteiwin to Bitcoin [link] [comments]

South Korea to introduce bitcoin tax

South Korea to introduce bitcoin tax submitted by sexyama to crypto_currency [link] [comments]

South Korea to introduce bitcoin tax

South Korea to introduce bitcoin tax submitted by _0_1 to Bitcoin [link] [comments]

SLP183 Dennis Wohlfarth & Clinton Donnelly – Bitcoin Tax Strategies

SLP183 Dennis Wohlfarth & Clinton Donnelly – Bitcoin Tax Strategies submitted by stephanlivera to Bitcoin [link] [comments]

Bitcoin Tax Calculator | CryptoTrader.Tax

Bitcoin Tax Calculator | CryptoTrader.Tax submitted by stratguy56 to Bitcoin [link] [comments]

How to Do Your Cash App Bitcoin Taxes

How to Do Your Cash App Bitcoin Taxes submitted by stratguy56 to CashApp [link] [comments]

07-06 00:14 - 'The definitive guide to bitcoin taxes for US traders' (cryptotrader.tax) by /u/dudeson55 removed from /r/Bitcoin within 58-68min

The definitive guide to bitcoin taxes for US traders
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Author: dudeson55
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Free Bitcoin Tax Solution for This Upcoming Season

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Here's a Bitcoin tax tip (USA)

If your cryptocurrency portfolio is in the red but you still haven’t sold, you wouldn’t be able to deduct an unrealized loss from your 2020 tax return. But since wash-sale rules aren’t applicable to cryptocurrencies under current guidance, you can exploit this loophole by selling to lock in your losses and buying back in at the same price. This could offset any gains in other assets you’d have to pay taxes on, though it would also make your taxable gain on cryptocurrencies much larger if your portfolio grows and you decide to sell in the future.
submitted by Jordan_Lautner to Bitcoin [link] [comments]

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide | Taxes - Bitcoin News

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide | Taxes - Bitcoin News submitted by prnewswireadmin to cryptonewswire [link] [comments]

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide submitted by Ranzware to BitNewsLive [link] [comments]

The definitive guide to bitcoin taxes for US traders

The definitive guide to bitcoin taxes for US traders submitted by dudeson55 to btc [link] [comments]

5 Bitcoin Tax Questions To Ask Before July 15

5 Bitcoin Tax Questions To Ask Before July 15 submitted by Some_won to Bitcoin [link] [comments]

Bitcoin Tax with Chandan Lodha — What Bitcoin Did

Bitcoin Tax with Chandan Lodha — What Bitcoin Did submitted by mccormack555 to Bitcoin [link] [comments]

5 Bitcoin Tax Questions To Ask Before July 15

5 Bitcoin Tax Questions To Ask Before July 15 submitted by Some_won to btc [link] [comments]

06-17 05:04 - 'CryptoTrader.Tax | Bitcoin Taxes Done In Minutes' (cryptotrader.tax) by /u/stratguy56 removed from /r/Bitcoin within 33-43min

CryptoTrader.Tax | Bitcoin Taxes Done In Minutes
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Author: stratguy56
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Bitcoin Tax Calculator | CryptoTrader.Tax

Bitcoin Tax Calculator | CryptoTrader.Tax submitted by stratguy56 to Bitcoin [link] [comments]

The Complete 2020 Bitcoin Tax Guide

The Complete 2020 Bitcoin Tax Guide submitted by stratguy56 to btc [link] [comments]

Bitcoin Tax Calculator | CryptoTrader.Tax

Bitcoin Tax Calculator | CryptoTrader.Tax submitted by stratguy56 to btc [link] [comments]

Bitcoin Tax $$$

Hi, So I bought Bitcoin in 2017 and have several transactions (buy/sell) between 2017-2018, no transactions during 2019. I never reported owning Bitcoin in previous years Tax Return. Now I try to report it, but all the tax filing software says "sold date shouldn't go past 01Jan2019" I now have crypto-currency worth $1000 only. If I don't have any transactions during 2019, does this mean I don't have to report at all? I look forward to hearing. Thank You.
submitted by SailT to Bitcoin [link] [comments]

Bitcoin taxes

If I buy gold bars on a website with bitcoin, do I have to pay taxes on BTC gains? Is it a crime to do so?
submitted by Veryuniquenames to Bitcoin [link] [comments]

Bitcoin.Tax - Get Started In 7 Easy Steps CRYPTO TAXES 2020 - Cryptocurrency Taxes for Bitcoin and Altcoins The Easiest Way To Do You Crypto Taxes [Bitcoin.tax Review] Crypto & Bitcoin Taxes Explained - Everything You Need To Know  CryptoTrader.Tax SLP183 Accointing - Bitcoin Tax Strategies

Bitcoin taxes can be a bummer, but at least you can deduct capital losses on bitcoin, just as you would for losses on stocks or bonds. These losses can offset other capital gains on sales. Bitcoin.Tax is pleased to announce the launch of its full tax preparation service that is now available for the 2019 tax year. In partnership with tax attorneys, CPAs and enrolled agents, users of the bitcoin.tax platform can get tax preparation, advice and planning with a tax professional to complete and file their tax returns. Account for Bitcoin Tax Reductions If you’ve donated your cryptocoins, like bitcoin or ethereum, to eligible charities, then you may qualify for reduced tax liability. Bitcoin futures, for what it's worth, are considered Section 1256 contracts, so they fall under this tax classification; direct holding of “physical” bitcoin (or investing in a fund that holds The reason that buying and selling crypto is taxable is because the IRS identifies crypto as property, not currency. As a result, tax rules that apply to property (but not real estate tax rules) transactions, like selling collectible coins or vintage cars that can appreciate in value, also apply to bitcoin, ethereum, and other cryptocurrencies.. To no one’s surprise, the IRS isn’t kidding

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Bitcoin.Tax - Get Started In 7 Easy Steps

Dennis Wohlfarth of Accointing & Clinton Donnelly of Donnelly Tax Law join me to talk about Bitcoin tax treatment, and strategies to employ to minimise tax. We chat about: Current tax treatment ... How to Avoid Paying Taxes on Cryptocurrency and Bitcoin - Duration: 15:28. Vincent Briatore Crypto 10,221 views. 15:28. CRYPTO TAX CRACKDOWN 2019 - TAX EXPERT EXPOSES IRS METHODS - Duration: 32:27. Income Tax Raid On Zebpay & other Bitcoin Exchange, bitcoin Crypto News इनकम टैक्स का छापा by Earn With RK. 11:46. Anushka Sharma Bidai Video Get Money Back from the IRS - Crypto & Bitcoin Taxes - Duration: 10:17. Life Zoltar 567 views. 10:17. Bitcoin & Cryptocurrency Taxes in a Nut Shell Capital Gains, ... Bitcoin.Tax is the leading Bitcoin and crypto tax calculator for users, traders and accountants to work out their crypto capital gains and losses. You can sign up for free at https: ...

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