 Hey, so everyone's been talking about Bitcoin and we finally have to figure out the tax implications of this thing. Lisa Green-Lewis, our CPA tax expert from TurboTax, here with us, thankfully, to talk about it. First of all, this currency is on fire. Yes, it is. People are seriously making money. And no surprise that there's going to be an IRS grab for some of it, right? Well, yeah. I mean, it's fairly new to people and it's really growing, but the IRS, they regularly laded it in 2014, but a lot of people are not aware of that. No, because I think so many people didn't even think it existed in 2014. So who knew the IRS was ahead of the curve here? Okay, so you think of it like a stock? Yes. A share of stock, right? Yes. So the IRS, they say you think of it as holding onto a capital asset like stock and then how it's used, how it's spent, that relates to how your taxed or the person receiving it is taxed. So let's just say I buy and sell it, I trade it. I pay capital gains tax just like I would or loss, just like, oh, I don't think we're going to see those for a while. Yes. We gain right now. So you, and you report this, there's a line on the tax return for this or is it just like regular Schedule D? It's a Schedule D item. It's a regular Schedule D item. Okay, what if I am paid in Bitcoin? Yes. So if you're paying in Bitcoin, it depends on how you're paid or what you're classified as. So there are actually some employers that are paying employees in Bitcoin. So if you're an employee, it would be included in your gross income and also on your W-2. And then on the employer side, they would have employment taxes as well. So security from Medicare, they would have to pay that on the Bitcoin? Yes. And now? So if you're self-employed and you're paid as a contractor with Bitcoin, then you would have self-employment taxes and it would be on your 1099 myth. This is crazy. And then I guess, and then the other scenario I suppose is if you pay, you buy something with it, right? Yes. Yes. There's tax there as well. Yes. And there are some people that are accepting Bitcoin as pay for products. So you would have to pay taxes like on a game, like offset what you're getting with what you're paying. How you're paying. Yes. It sounds like ridiculously complicated, but I guess in theory it's not. It's obvious. You owe tax pretty much at the end of the day on the difference, right? Yes. You have to pay tax. All right. So keep your receipts and good luck trading that stuff. Lisa, thank you. Thank you.