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November 20, 2016, 06:31:54 AM |
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I think the best move here would be to troll the IRS first to test the waters. Create some losses trading BTC and then try to offset other income using those losses. If they accept it, lesson learned and you know their approach for the future. If they reject it then it is clear they cannot tax it either (quid pro quo). You'd want to ensure perfect separation of your current activities though, I'm assuming you've made a clear trading profit for the year.
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