Hi there,
I'm trying to do some research on the bitcoin payout method. My question is about taxes from the United States. If I receive a bitcoin payout for my earnings, do I only file taxes once the bitcoin is sold? Or do I treat it similar to how I would treat it to my normal taxes...eg using the est quarterly payments on the IRS website....any links or advice would be appreciated! Thanks!
I'm trying to do some research on the bitcoin payout method. My question is about taxes from the United States. If I receive a bitcoin payout for my earnings, do I only file taxes once the bitcoin is sold? Or do I treat it similar to how I would treat it to my normal taxes...eg using the est quarterly payments on the IRS website....any links or advice would be appreciated! Thanks!