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2014-03-30 — nytimes.com
The I.R.S.'s decision would treat Bitcoin as property subject to capital gains taxes. Long-term capital gains taxes are capped at 20 percent, a more favorable rate than the top rate of 39.6 percent on federal income taxes. Individual traders in the currency markets -- the British pound, for example -- are expected to treat gains or losses as regular income for tax purposes.
"From a tax perspective, this is really the best possible outcome," said Barry Silbert, the chief executive of SecondMarket, which is planning to introduce a new Bitcoin exchange.'' source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |