Information about U.S. tax guidelines
The IRS guidelines state that virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency.
Below are two sources for official IRS guidance on virtual currencies:
Any information we provide is for general information purposes only and is not, and should not, be considered or construed as tax advice.
You should consult a tax professional regarding any specific questions you have regarding taxes owed in connection with cryptocurrency transactions.