- 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.
Continue reading “IRS says Bitcoin is taxable property, not a currency”
- 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