How to Declare a Capital Gains Tax on a Bit Coin

You must apply your losses first before you apply the discount. If i bought a thousand dollars worth of bit coin and then it doubled to two thousand dollars, that gain would just be treated as income yet. But if i held that and then after the 12 months, it was still worth two thousand dollars. And then i sold it, that thousand dollars would effectively come into the capital gains tax,. so i'd only claim 500 dollars against my tax return. O, there's no real difference. Ah, people get their nickers in or not with this crypto stuff, but it's basically just another asset. Yer, it is. Ecol let's move on. Here we go.