IRS and Bitcoin Total supply: 200 IRS rules Bitcoin will be taxed as property, not as currency "In some environments, virtual currency operates like 'real' currency," the IRS stated , "but it does not have legal tender status in any jurisdiction." Therefore, "virtual currency is treated as property for U.S. federal tax purposes" and "general tax principles that apply to property transactions apply to transactions using virtual currency." Date January 16, 2022 Category (V) Uncommon Share facebook twitter linkedIn pinterest
