TurboTax has released an article on paying taxes on your Bitcoin holdings and mining profits. Great resource for when your trying to sell some $1 million dollar bitcoin one day. (uncle sams going to want his cut)
Article covers:
Bitcoin used as payment for goods and services
Bitcoins held as capital assets are taxed as property
Bitcoin miners must report receipt of the virtual currency as income
Forbes also has an article about cryptocurrency taxes
Thanks for the info/articles. We will need to pay our taxes or it will catch up with you.
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