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How does it work if you sold a service for bitcoin, and the value of the bitcoin changed befor converting to cash? I would think that regular taxes (income) wou
by derekp7 10y ago
How does it work if you sold a service for bitcoin, and the value of the bitcoin changed befor converting to cash? I would think that regular taxes (income) would be owed on the initial cash value, then capital gains tax would be owed on the float. Same as selling something in a foreign currency?
- tyingq 10y agoThat's exactly the attraction coinbase had for many sellers (avoiding the volatility): https://www.coinbase.com/instant-exchange https://www.coinbase.com/instant-exchange