Does anyone out there actually know,,,

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theo
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Post by theo » Tue. May. 11, 2021 5:03 pm

someone who has cashed in on these "Bitecoins" I mean really cashed them in and has the actual cold cash in their hands from them, and if so do you have to pay taxes on them?????? :D

 
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coaledsweat
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Post by coaledsweat » Tue. May. 11, 2021 5:38 pm

Yes, they follow the capital gains short and long term rules, depending on how long you held them.


 
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WNY
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Post by WNY » Wed. May. 12, 2021 6:10 am

Depending on who you bought it thru, they probably file the proper forms for gains/losses to the IRS. You end up claiming it on your taxes as income or profit.

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