Arizona taxes bitcoin

arizona taxes bitcoin

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Meanwhile, digital assets received as payment for services are treated.

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Washington Nontaxable Washington does not tax the purchase of cryptocurrency, such as Bitcoin, and treats purchases of taxable goods or services made with cryptocurrency as taxable transactions the same as if made with cash or other consideration. Examples of income include staking rewards, mining rewards, and airdrop rewards. Kansas Cash Equivalent Kansas treats virtual currency as a cash equivalent and requires sellers accepting virtual currency as payment in a taxable transaction to convert the virtual currency into U.