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Investors & landlords
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax-Tips-for-Bitcoin-and-Virtual-Currency/I...>
"Bitcoins held as capital assets are taxed as property
If you hold Bitcoins as a capital asset, you must treat them as property for tax purposes. General tax principles applicable to property transactions apply.
If the Bitcoins are held as a capital asset, like stocks or bonds, any gain or loss from the sale or exchange of the asset is taxed as a capital gain or loss. Otherwise, the investor realizes ordinary gain or loss on an exchange."
So, how were the bitcoin held? If as "capital assets" then use "everything else" as the type of property under the "Stocks, Mutual Funds, Bonds, Other" interview.
"Bitcoins held as capital assets are taxed as property
If you hold Bitcoins as a capital asset, you must treat them as property for tax purposes. General tax principles applicable to property transactions apply.
If the Bitcoins are held as a capital asset, like stocks or bonds, any gain or loss from the sale or exchange of the asset is taxed as a capital gain or loss. Otherwise, the investor realizes ordinary gain or loss on an exchange."
So, how were the bitcoin held? If as "capital assets" then use "everything else" as the type of property under the "Stocks, Mutual Funds, Bonds, Other" interview.
May 31, 2019
6:43 PM