Posted Mar. 26, 2014 at 6:58 a.m.

Premium Lock IRS: Bitcoin is not currency, will be taxed as property

Published: 2014-03-26 06:58:11
Updated: 2014-03-26 06:58:11

Bitcoins   A twenty-five bitcoin, right, and one bitcoin are arranged for a photograph. Photographer: Tomohiro Ohsumi/Bloomberg

The IRS issued a series of 16 questions and answers Tuesday to clarify the tax treatment of virtual currencies like bitcoin. In general, the IRS says it will apply the same rules that govern other barter transactions....

Read More
Read More

WRAL TechWire any time: Twitter, Facebook

Copyright 2014 WRAL TechWire. All rights reserved.
Editor's Blog

Editor's Blog

The latest blog posts from our WRAL TechWire and WRAL editors. Read more articles…

Please Log In to add a comment.

Best of TechWire Insider

Techwire Inside Partners

OUR INSIDERS

Frank Vinluan
Life science
Dr. Mike Walden
Tech economy
Vivek Wadhwa
Commentary
Scroll