KJoff4u
Enthusiast
Silver Level
Question: If you enter a tournament and win big, and the payout is in Bitcoin, do you have to declare it as income at that point? Or only when you cash them or spend them?
Someone said Bitcoin "income" is treated as property and thought you only have to declare when you spend it.
Anyone know for sure?
Someone said Bitcoin "income" is treated as property and thought you only have to declare when you spend it.
Anyone know for sure?