2017 & 2018 Taxes: Make Sure to Report Your Bitcoin Transactions: $20,000 Threshold
Bitcoin and Taxes: Coinbase is Complying with the IRS’s Reporting Requirements.
Remember to Report Your Bitcoin Transactions.
Tax consequences from the sale and trade of bitcoins vary around the world, U.S. taxpayers must treat bitcoins and other “convertible” virtual currency as capital assets and not as currency. Internal Revenue Service (IRS) guidance released in 2014 made clear that capital gains rules apply to any gains or losses following a taxable event.