Paying your bills in bitcoin? Watch out for these tax issues - MarketWatch

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Bitcoin to pay property taxes

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Oct 2, 2012

bitcoin to pay property taxes

Some employees are paid with Bitcoin, more than a few retailers accept If Bitcoin is held as a capital asset, you must treat them as property for tax purposes​. The Bitcoin logo is shown in a handout photo. Residents in a handful of Canadian municipalities have a new payment option for property taxes. Cryptocurrnecy is recognized as property by the IRS & if you are trading it and make a profit, Uncle Sam will want his cut. Learn more about it here.

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Bitcoin to pay property taxes

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