Form 1099 - B, Proceeds from Broker and
Barter Exchange Transactions, long used to report sales prices, will be expanded in 2011 to include the cost or other basis of stock and mutual fund shares sold or exchanged during the year.
Not exact matches
Brokers and
barter exchanges must report proceeds from
transactions to you and the IRS on Form 1099 - B.
First, in 2013 the Revenue Agency of Canada made a statement that all
transactions in digital currencies were liable to taxation, as they were considered
barter exchange.
The document states that a sales
exchange involving a digital currency would be considered a type of
barter transaction.
Bartering and
exchanging bitcoin in peer - to - peer
transactions is another easy way to obtain bitcoin.