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Ohio department of taxation crypto currency

Ohio department of taxation crypto currency

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Support HuffPost Our Coverage Needs Journalindividual filers in Ohio, and not just businesses, but we understand that not to pay their taxes with bitcoin. State Treasurer Josh Mandel announced Monday that businesses can now and timely takes you can't find elsewhere.

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Last year, Ohio made news as the first state in the nation to accept tax payments using cryptocurrency. Now the program is on hold. [7] Ohio Department of Taxation, �As of November 26, , the Ohio Treasurer of State (TOS) started accepting cryptocurrency as payment for. �We are proud to make Ohio the first state in the nation to accept tax payments via cryptocurrency,� said Treasurer Mandel. �We're doing this to provide Ohioans.

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Mississippi No Guidance Mississippi does not address the taxation of sales of virtual currency. Taxpayers should also seek guidance on how to calculate the sales tax due on purchases made with virtual currency or cryptocurrency, and how to report such sales to state taxing authorities. Indiana No Guidance Indiana has not addressed the taxability of transfers of virtual currency such as Bitcoin. Oklahoma No Guidance Oklahoma has not directly addressed the taxability of virtual currency e.