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That issue of cost basis can be problematic, to say the least. Just as for stocks or bonds, the cost basis is the price at which you acquired the asset. So bitcoin owners need to know not only the price when they realized value but also the acquisition price of their digital currency. That information may not be easily available — and many people have no idea they’re liable for taxes.Normally with stocks, for example, you receive a Form 1099-B from your broker with the cost basis, but with bitcoin you might not. A Form 1099-K might be issued if you’re transacting more than ,000 in payments and 200 transactions a year. But both conditions have to be met, and many people may not be using bitcoin 200 times in a year.“It’s a potential way to run afoul of IRS laws,” Harris says. “You’re conditioned with the receipt of the 1099 to know that you have a taxable event and what that taxable gain is. You don’t always get that with bitcoin. So many people just aren’t being informed from the exchange in a manner that they’re used to.”Whether you cross these thresholds or not, however, you still owe tax on any gains. While not paying taxes on your gains might be an honest mistake, don’t expect the IRS to take pity. The agency has already sued Coinbase, a cryptocurrency broker, for the records of traders who might not have reported their bitcoin gains.? Read more: Tax evasion vs. tax avoidance: what’s the difference? 1433

Such a revocation, decided in accordance with its own national constitutional requirements, would have the effect that the United Kingdom remains in the EU under terms that are unchanged as regards its status as a Member State, the court said.The fast-tracked judgment came a day before the House of Commons is due to vote on British Prime Minister Theresa May's Brexit deal, a vote she is widely predicted to lose heavily.May has always said her government would not reverse the decision to leave the EU. But should she lose the vote, and her government collapsed, the decision gives the UK parliament another way out of the Brexit process.Britain's Environment Secretary, Michael Gove, told the BBC that the UK would leave the EU whatever the ECJ ruled. "We voted very clearly -- 17.4 million people sent a clear message that they wanted to leave the European Union," said Gove, a prominent Leave campaigner. "And that also means leaving the jurisdiction of the European Court of Justice," he said. 1000

Students will be dismissed at 11:40 a.m. each day this week as they transition back to school after two heartbreaking weeks.  135

STAY WITH ABC 10NEWS FOR UPDATESCA is now closing indoor operations statewide for:-Restaurants-Wineries-Movie theaters, family entertainment-Zoos, museums-Cardrooms-Fitness Centers-Places of Worship-Offices for Non-Critical Sectors-Personal Care Services-Hair Salons and Barbershops-Malls-Bars must close ALL operations. 320

The 42-year-old man and 31-year-old woman were declared dead at the scene, the CHP said. All seven children -- the oldest being a 12-year-old girl and the youngest a one-year-old boy -- were taken to area hospitals with undisclosed serious injuries. 249

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