Multi-State – How Bitcoin Is Taxed

One of the most common questions I get from investors is how crypto investments like bitcoin are taxed. There seems to be a great deal of confusion, perhaps because of the different names people use for this new asset class.

  • If bitcoin is a cryptocurrency … is it taxed like currency?
  • If bitcoin is “digital gold” … is it taxed like gold?
  • If bitcoin is a commodity … is it taxed like oil?

It’s actually not that complicated. Let’s clear things up.

For The Full Story: Forbes

by Matt hougan | crypto & Blockchain
june 11, 2019