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If youre paid in bitcoin or other crypto on the other hand that will be treated as taxable income to you. When Can Bitcoin Positions Be Taxed as Mixed Straddles Subje. One Of The Most Often Heard Questions Is Whether Or Not Bitcoin Usage Can Be Taxed Over In The United States The Ans Capital Gains Tax Bitcoin Cryptocurrency Bitcoin gift recipients do not have to report it on their tax return until they decide to sell. Can bitcoin be taxed . Whenever Bitcoin is converted into cash the. If you hold for less than a year you pay short-term capital gains taxes. If you didnt sell any Bitcoin then you arent subject to. You can give crypto as a gift and it doesnt trigger income taxes. Instead the firm conducting the exchange bank or brokerage should be taxed. Its a long-term gain taxed at a rate of either 0 15 or 20 depending on your overall income if you owned the Bitcoin for longer than a year. Bitcoin and other virtual currencies are taxable which means all of your bit...