Jay's avatar
Jay 6 months ago
Do I have to pay income tax on Bitcoin? Serious question. Im new to this. #bitcoin #incometax #tax

Replies (2)

Depends. Probably best to consult a tax professional. In the US you pay if you sell and profit. Transfers to others is a taxable event as well, including zapping people here. I'd say most people are evading taxes on their bitcoin transactions lol