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Do you need to pay tax to sell bitcoin

Publish: 2021-04-18 20:27:05
1.

The remitter will pay bitcoin directly to the other party according to the address of the payee through the computer or smart phone

after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed

the bitcoin peer-to-peer network stores all transaction history in the "blockchain". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. In fact, blockchain is a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history

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extended data

special attention:

1. When purchasing and selling bitcoin, it is necessary to deal with it in time, and do not need card orders. For example, after placing an order, you need to pay in time and click paid. After others pay you, you need to put money in time. Otherwise, the other party will appeal to Huo coin

2. The collection account must be filled correctly

3. The risk of currency market is high and investment should be cautious

after buying bitcoin, if you want to change it into other currencies, such as EOS and Ethereum, you can go to the currency trading platform and directly click the hanging order to sell it and change it into other currencies you want. If you want to change money, you can sell it on the off-site platform. People who need to buy will contact you, operate on the platform, and then pay offline< strong>

2. 1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
2. Unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips: ① the above explanations are for reference only, without any suggestions. The relevant procts are issued and managed by the corresponding platform or company, and our bank does not undertake the responsibilities of investment, cashing and risk management of the procts
② there are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction

response time: January 6, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
3.

According to the regulations of notice 2014-21 of the IRS:

1. The information range of virtual currency payment is consistent with that of other property payment

2. Virtual currency paid to service providers and independent contractors should be taxed, and the tax rules of freelance also apply to virtual currency. Taxpayers usually have to get form 1099-MISC

3. When using virtual currency to pay wages to employees, they must also pay taxes, and they also need to pay federal income tax and payroll tax

4. The third party accepting virtual currency settlement payment on behalf of the merchant must report the payment status in form1099-k, payment card and the third party network dealer

5. Based on the fact that the virtual currency in the hands of taxpayers is a kind of capital asset, the gains or losses in the transaction of virtual currency and the sales of virtual currency need to be taxed

extended information:

legal status of bitcoin in China

in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty

the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate< br />

4.

Win10 enterprise LTSC is the best

win10 enterprise LTSC is also known as win10 enterprise 2019 long term service version. This version is considered as the best win10 version at present. On the basis of win10 enterprise 2016 long term service version, Microsoft has done a lot of optimization and upgrading. Win10 enterprise LTSC is faster and lighter

4, win10 ecation version

is mainly based on the enterprise version, which has advanced functions. It will be provided to customers through the volume licensing program for ecational institutions

5. IPFs is the interstellar file system
Western cloud Valley and smart community
Shaanxi ant cluster Digital Technology Co., Ltd. (formerly known as Shaanxi ant blockchain Technology Co., Ltd.) is newly established, and no more information can be found at present
interstellar file system is a network transport protocol designed to create persistent and distributed storage and sharing files. It is a content addressable peer-to-peer hypermedia distribution protocol. The nodes in IPFs network will form a distributed file system. It is an open source project developed by protocol labs with the help of the open source community since 2014
IPFs (interplanetary file system) is a file storage and content distribution network protocol that combines distributed hash tables (DHTs), BitTorrent, version control system git, self certified file systems (SFS) and blockchain. The comprehensive advantages of these systems bring remarkable characteristics to it:
1 Decentralized storage and sharing of files (DHTs stored in blockchain mode)
2. Peer to peer hypermedia: P2P stores various types of data (BitTorrent)
3. Versioning: traceable file modification history (GIT Merkle DAG Merkel directed acyclic graph))
4. Content addressable: identifying files by generating independent hash values from file contents, It is not identified by the location where the file is saved. Only one file with the same content will exist in the system, saving storage space.
6. BTC sales in the United States also need to pay taxes.
7. unwanted. Bitcoin doesn't go through any bank
8. Bitcoin trading and trading in China are illegal and non-conforming
now trading is purchased through the non regulatory exchange platform, so there is no need to pay tax for the time being
there is no standard and no place to pay
9. No, you don't need to earn it. Otherwise, those who earn tens of millions or hundreds of millions will have to pay taxes.
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