Is bitcoin really money? Or is it a capital asset? How about a commodity? ? The IRS says it is studying the matter but has yet to issue any guidance. Until it does, it is anyone’s guess how bitcoin should be taxed.Similarly, mining bitcoin (the process of obtaining the currency by solving a math problem) would also trigger tax. Taxing bitcoin would also require users to track cost basis—not so easy at the moment, although Bloomberg has begun publishing prices.
Bitcoin: How should it be taxed? - CSMonitor.com
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Bitcoin tokens in Sandy, Utah. The growing prevalence of bitcoin is raising questions about how it should be regulated.
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