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RE: BITCOIN AND TAXES

in #bitcoin5 years ago

Thanks. I'm from Oregon.

Now, I've heard that American citizens with annual incomes of less than $10,000 USD are not generally pursued, attacked, hunted after, normally, by the IRS, the USA federal government, that there is an exception for whether you need to file your taxes based on how much income you may receive.

I thought it was like $10K USD.

Maybe it's 1K.

I do get how Bitcoin works.

Yes, Bitcoin is stateless (decentralized). Bitcoin is not a stock. It's not fiat. But would you consider Bitcoin as a service? Maybe not except for when you exchange Bitcoin to USD and not until then, like you said, like other people have said.

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