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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.
Another ABC dev supports the dev tax proposal on BCH, and has his ideas on how donation addresses can be "whitelisted" by miners: https://old.reddit.com/r/btc/comments/f1h55l/my_view_on_bitcoin_cash_development_funding/ I am sure these incentives are sound and nothing bad will happen. /s
It was definitely a good year for cryptocurrencies in 2017, with bitcoin surging over 1,200 percent last year. If you invested in bitcoin or other cryptocurrencies in 2017, or received some as payment, you may be wondering how bitcoin is taxed. 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 ... [US] Using and paying taxes on a non-KYC/AML (non-US) exchange as a US citizen? ... Few days ago I posted on Reddit & Twitter asking people to submit their crypto tax questions. Thanks everyone for sending me bunch of questions. ... I noticed that on bitcoin.tax there is an option to calculate gains using 1031 from 2017. I have heard a lot of ... Cryptocurrency is taxed when you receive it as payment or have a transaction where you sell or trade it. If you just buy it and hold onto it, it won’t be taxed until you do something with it. Even if you don't receive a 1099-B, 1099-MISC, 1099-K, or summary tax statement for your cryptocurrency transactions, it’s your responsibility to report them. 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.
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