rnn47
New Member

Received bitcoin for free in 2014 and I sold it mid-December 2017--what am I supposed to do for taxes?

Long story short, in 2014 Coinbase had a sign up promotion where they gave students $10 worth of Bitcoin if they signed up with their .edu address. I took advantage of that, and sold when it hit $460 in mid-December. Now, what am I supposed to do regarding taxes? Technically, I never bought anything, so is this even considered speculation?