The US Government has recognized Bitcoins which is good in a way but at the same time they have decided to view them as property, making them taxable. If they had decided that the virtual currency actually was a currency then a tax could not be placed on them when they gain in value. Some view this as making the currency legitimate, and a good thing.The fact that they can now be taxed reduces the
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Bitcoins Ruled As Taxable Property by the IRS
Posted by srpatterson3 (#1) 3653 days ago (http://2010taxes.org)« previous1 next »
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