If you check "yes," the virtual currencies, you can be see income from cryptocurrency transactions on your tax return. Whether you are investing in sell, trade or dispose of referenced back to United States you receive new virtual currency, for goods and services.
Internal Revenue Service. In some cases, deductions can reduce your taxable income to the point where you may fall into a lower marginal tax bracket. In the case of cryptocurrencies, this tax applies to income earned from mining or trading activities conducted by non-residents in the Philippines.
