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RE: World of Warcraft and Income Taxes
Since bitcoin is treated more of an asset does it fall under capital gains tax? And if so, does it also have the same tax deduction as any other asset class?
What deduction can you avail if you are mining or maintaining an income generating node?
According to the current IRS memorandum, yes. Bitcoin is a capital asset. http://www.investopedia.com/university/definitive-bitcoin-tax-guide-dont-let-irs-snow-you/
Thanks😁