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LibraTax Looks To Solve Bitcoin Tax Accounting-Related Woes

Screen Shot 2014-08-25 at 12.01.23 AM With new IRS guidance on taxing crypto-currency trading, it can be a bit complicated for Bitcoin enthusiasts to figure out how much capital gains and income tax they owe. Losses and gains are subject to a capital gains tax, which means you have to remember Bitcoin’s valuation at the point you bought the currency and at the point you sold it. That leads to a complicated year-round… Read More

via TechCrunch » Startups


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