Do i have to pay tax on bitcoin profit
Currency: Currency is taxed at regular income rates. No matter how long you hold a currency investment like the Invesco CurrencyShares. When Do You Have to Pay Taxes on Bitcoin? · Income is realized from any gain. · Gain is measured by the change in the dollar value between the cost basis or. Archit Gupta, Founder & CEO ClearTax, says, "Even though Bitcoins are not specifically mentioned in the income tax act, Bitcoins are assets.