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. (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....

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