[couchdive]

Correct but slightly off.

Although the IRS considers it property, it also allows capital gains and losses on such due to its widely fluctuating price. This means filing cost basis and net gross and loss when the crypto was spent, sold, created (mined), given to another person, etcetera.

here is document Notice 2014-21. In which conditions for crypto IRS conditions are explained in an easy to understand fashion. It's widely interesting to me. https://www.irs.gov/pub/irs-drop/n-14-21.pdf

I filed for gains for three years, losses for one year. But im out of it, everything is to hot for me.

more info on filing losses. It is the same as declaring losses on stocks pretty much. Cost basis when received, bought, created, or given to you on commerce and then consolidation when that crypto is sold, traded in commerce, etc.

http://fortune.com/2018/01/29/bitcoin-taxes-cryptocurrency-i...

https://medium.com/the-litecoin-school-of-crypto/how-to-tax-...