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How do I calculate my gain or loss when I sell virtual currency for real currency?
Your gain or loss will be the difference between your adjusted basis in the virtual currency and...
I own multiple units of one kind of virtual currency, some of which were acquired at different times and have different basis amounts. If I sell, exchange, or otherwise dispose of some units of that virtual currency, can I choose which units are deemed sold, exchanged, or otherwise disposed of?Yes. You may choose which units of virtual currency are deemed to be sold, exchanged, or...
Will I recognize a gain or loss if I sell or exchange property (other than U.S. dollars) for virtual currency?Yes. If you transfer property held as a capital asset in exchange for virtual currency,...
Will I recognize a gain or loss when I sell my virtual currency for real currency?Yes. When you sell virtual currency, you must recognize any capital gain or loss on the sale,...
