Forumsee logo
Forumsee » Finance and investment » Personal Finance » Read message
RSS: Subscribe to RSS

Bonus, in bitcoin

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
Spouse is receiving a bonus paid in units of a cryptocurrency. Company "may" be paying the taxes on the bonus. What are the questions I need to get answered, as the finance person in the house?

I am already asking: How are they reporting the bonus to IRS -- W2? In units of dollars (would have to be)?

I know we need to figure out how to track the basis -- what is acceptable as a record? We anticipate trading much of this currency for US dollars. Then the gateway that does the trade reports a sale, and we need to report gain/loss, just as if for stocks/funds? I assume the gateway won't be issuing a 1099b.

This is a bit confusing to me, so any pointers towards what I should be asking so that I can correctly deal with our taxes on the bonus and the eventual sale of the currency, are appreciated. I am well aware that cryptocurrencies are smelling like tulips right about now.
Date: Jun 20, 2017   


Last videos:

The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
The Money Issue - CBS Sunday morning
Mon Jul 24, 2017 5:05 pm
Mon Jul 24, 2017 5:05 pm
Sound Forge Audio Studio Free Download Full Version
Sound Forge Audio Studio Free Download Full Version
YouWave Emulator Free Download Full Version With Crack
YouWave Emulator Free Download Full Version With Crack
Jihosoft Android Phone Recovery seria
Jihosoft Android Phone Recovery seria

Cars ·
Travel ·
Pets ·
production-frontend