In Pimpy

IRS says these would be capital gains…If you make more than $500 you’ve got to report it.  The tax bracket will be based on the amount of profit you earn…People try to over complicate it…You don’t ever get a loss or a profit until you sell them. [NOTE:  Some gurus feel it’s capital gains others feel ordinary income. The only option that matters is the IRS’s.  Always consult your tax professionals at the appropriate time to determine the correct tax for your unique situation.]