USA resident, questioning if I ship Bitcoin to my strike app, it will get settled in {dollars}. If I deposit these {dollars} into my checking account, is {that a} taxable occasion? Thanks upfront
USA resident, questioning if I ship Bitcoin to my strike app, it will get settled in {dollars}. If I deposit these {dollars} into my checking account, is {that a} taxable occasion? Thanks upfront
Yes
There’s this crazy thing called the IRS website FAQ on Cryptocurrencies that answers your question straight from the horses mouth. And you could have found it in less time than writing this post. Let’s stop asking reddit randos for tax advice.