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March 1, 2018

Bitcoin billionaire? Don't forget the IRS

  • All digital currency transactions are taxable events. That includes if you sell it, trade it, “mine” it, use it to pay for something or were paid with it.
  • By SARAH SKIDMORE SELL
    AP Personal Finance Writer

    Cryptocurrencies like bitcoin may not be regulated by the government, but they're still subject to being taxed.

    There have been various forms of digital currencies around for years, but several have taken off in popularity recently. And that may leave some newcomers to this marketplace unaware that they face taxation on their dealings.


     
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