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FAQ

What are the tax implications if I spend my bitcoins on directly buying things without converting into cash?
What are the tax implications if I spend my bitcoins on directly buying things without converting into cash? How do I report Form 1099-B (Proceeds from real estate transactions) in personal income tax return? How can one write-off an angel investment if the owner/entrepreneur refuses to respond to requests for a certificate dissolution (US)? If I sell a rental property for less than I paid, does the IRS count it as a capital loss on my personal taxes? My car was totaled. The insurance paid me the amount. Is this amount taxable in the USA? When shutting down a single-member LLC, do you need to close your business account with the IRS? Are cryptocurrencies like Bitcoin taxed? If so, how? Can I claim lost income if a company I invested in went out of business? In the USA, if A "sells" 1,000 British pounds to B for 150,000 yen, how is this taxed? Are both sides subject to sales tax since B also "sells" 150,000 yen to A for 1,000 pounds? What if it were dollars instead of pounds?