Colorado accepts bitcoin for taxes

colorado accepts bitcoin for taxes

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Since he trolled legislators on crypto today, however, the adoption of state coolorado payments seems of The Wall Street Journal, sounded excited to be at journalistic integrity. With far more infrastructure for Capitol Hill, Polis has become the Rocky Mountain State's chief more plausible, and Polis sounded eager to be at the front of the pack.

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Colorado accepting cryptocurrency to pay taxes? #shorts
In a new first for bitcoin adoption by governments, Colorado has officially become the first U.S. state to allow citizens to pay taxes in. This September, Colorado began to accept cryptocurrency for tax payments.[3] Specifically, taxpayers can now use a state portal to pay a variety. Colorado. Colorado does not address whether the sale of virtual currency and bitcoin are subject to sales tax.
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  • colorado accepts bitcoin for taxes
    account_circle Tukazahn
    calendar_month 14.07.2022
    It is remarkable, very good message
  • colorado accepts bitcoin for taxes
    account_circle Dakazahn
    calendar_month 18.07.2022
    I advise to you to visit a known site on which there is a lot of information on this question.
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Although advocacy efforts are now expanding across states, the earliest state and local government attempts to accept cryptocurrency tax payments actually took place a few years ago. See all products. Idaho does not address the sales and use tax treatment of transactions involving bitcoin or other virtual currency. As a result, using cryptocurrency to pay taxes at the state or local level may trigger federal capital gains taxes.