Bitcoin taxable in us
There's a lot of confusion around how bitcoin is taxed, but there like the US Oil Fund (USO)–are what's called Section contracts for tax. Cryptocurrency is considered property, not currency, for US tax purposes. Therefore, the taxation of cryptocurrency exchanges will be treated. Until , a key question was not answered for tax purposes: Just what is a digital asset? For example, is Bitcoin a currency, like the US dollar? Or is it property.