Questions tagged [bitcoin]

Bitcoin is a decentralized digital currency first developed in 2009. Most Bitcoin-related questions should be asked at the Bitcoin Stack Exchange.

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Are there minimum level of service requirement for stocks trading platforms in the USA?

I'm trying to determine the major differences between how a typical bitcoin trading platform operates and how a traditional stocks trading platform operates. Of biggest concern right now is some ...
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296 views

Tax rate of bitcoin trading for non-resident alien

I'm an international student holding F1 visa in the states. I find information on the IRS page which says non-resident aliens are subject to 30 percent flat rate for capital gains. Does this rate ...
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157 views

Should non-citizens pay gift tax for sending bitcoin to non-citizen living abroad?

I am non-us citizen (an international student) but resident alien for tax purposes. If I send my bitcoins to my family living abroad, should I pay the gift tax? I read articles but they say 'us ...
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45 views

Is me sending some Bitcoin to a Tor service a transaction? Or only when I buy something with those Bitcoin from the Tor service?

I've started recording all my money transactions, be them fiat or Bitcoin. Now I wonder how to record the following situation: I have an existing 0.05 BTC in my Bitcoin Core wallet running on my ...
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45 views

Holding Period Algorithms and the Blockchain

According to this interview, taxation holding periods in the United States for cryptocurrency can be determined by FIFO (First In First Out), LIFO (Last In First Out), or a more flexible option called ...
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151 views

OHLC anomalies on Yahoo Finance's data

While looking at BTC-USD data on Yahoo Finance, I was puzzled by the following: Date Open High Low Close* Adj Close** Volume Apr 06, 2017 1,129.87 1,201.55 ...
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38 views

Amending tax return to change cost basis of digital assets

I want to know if I can file an amended tax return to change the cost basis for cryptocurrency sold in 2018 ? I've used form 8949 prepared by a CPA to file my crypto related gains for 2017 and 2018 ...