US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.

Pizer: Aug 8, 2004

So what's the consensus with money made from trading bitcoins for USD?

# ¿ Jul 2, 2011 21:49

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# ¿ May 20, 2024 17:49

Pizer: Aug 8, 2004

Cyrezar posted:

I am eagerly waiting for this to become an audit issue. I'd imagine it would just get reported on Schedule D for most individuals. Better keep track of that basis!

Does the IRS actually audit over a couple hundred dollars (at most?)

I guess people who got in early and cashed out thousands are going to be obvious targets though

# ¿ Jul 3, 2011 21:27

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.