Rules of the road: tax & regulation
“Property for taxes, money for people — know the difference.”
In the US, the IRS treats bitcoin as property. Practical consequences: buying and holding is not a taxable event; selling for dollars is; and — the one that surprises people — spending bitcoin is too, as a disposal at the moment's price. Gains held over a year get long-term rates. Keep records; wallets and exchanges can export them.
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Education only — not financial, investment, legal, or tax advice. Never share your seed phrase with anyone.