Bitcoin and Taxation

Now, when it comes to Bitcoin, one of the first questions I get is always regarding the taxes of it. Later, when I cover our Bitcoin Startup Journey, I will explain what we know and do. For now, here’s a great primer on Bitcoins and how taxes work with them from Turbo Tax. In short, if it’s earned income from buying and selling – it’s taxable in the US. Check with your Country Law! We have a very diverse readership across the globe here at IMGrind, so keep in mind we are in the USA.