IRS: Bitcoin is not currency – USA TODAY
NPR |
IRS: Bitcoin is not currency
USA TODAY The federal government will tax digital money such as Bitcoin like property, not currency, IRS said Tuesday in its first significant guidance on the virtual coin. Although Bitcoin may operate like coin and paper currency and can be used to pay for goods and … IRS Issues Bitcoin Guidance — It's Property, Not Currency, And 1099s Are … IRS categorizes bitcoin as property, not currency IRS: virtual currencies are property for tax purposes |
