IRS says Bitcoin is taxable property, not a currency

  • On Tuesday, the IRS notice said payments worth at least $600 and made with bitcoins will be taxed the same way the agency treats property transactions.
  • “A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property,” the IRS said.
  • The IRS admits Bitcoin and other electronic tokens sure function like a real currency.
  • The IRS’ notice serves as one of the first attempts by the U.S. government to regulate the digital money.
  • The IRS notice says bitcoins must be valued at their “fair market value” at the time you acquire it.

The IRS says it can tax Bitcoin, describing it as a property — not a currency.
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How to Make Money on Bitcoin Fluctuations

How to Make Money on #bitcoin Fluctuations - BBC News Planet

  • As well as on the exchanges, you can make sound money on fluctuation in the value of bitcoin.
  • But a new predictions of 2016 is in, and according to that, bitcoin will raise around 350 USD to 700 USD.
  • By the way, to make money online through the bitcoin and its fluctuations, it is not mandatory to work with exchangers all the time.
  • Predictions for 2015 say that bitcoin will fluctuate around 150 USD to 350 USD and will stay in the same range for a long time frame.
  • One of the best exchangers i will recommend for the exchange of bitcoins is EXMO.

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@bitcoinagile: “How to Make Money on #bitcoin Fluctuations – BBC News Planet”


Despite the fact that bitcoin is a virtual currency that can be occupied by buying and selling through exchangers. Earning from bitcoin is very much like Forex and stock exchange.


How to Make Money on Bitcoin Fluctuations