Think Bitcoin is tax free? Think again ... the IRS is coming

Just 802 American taxpayers reported their profits on Bitcoin in 2015:

"IRS matched data collected from forms 8949, Sales and Other Dispositions of Capital Assets, which were filed electronically (remember, IRS treats bitcoin and other virtual currency as capital assets), and found what they believe to be a "smoking gun": just 807 individuals reported a transaction on Form 8949 using a property description likely related to bitcoin in 2013; in 2014, that number was just 893; and in 2015, the number fell to 802."

#Bitcoin #CryptoCurrency
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