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It makes sense, I guess the question is if there's language in the tax code for alternative payment sources. It's not unreasonable that someone could trade thei
by badloginagain 9y ago
It makes sense, I guess the question is if there's language in the tax code for alternative payment sources. It's not unreasonable that someone could trade their car, and 300 shares in Google; in exchange for something of equal value.
If there is, it sucks because you're getting hit doubly for taxes on the item you're paying and the capital gains you'd be taking.
- tryingagainbro 9y agoIn USA even if you sold cocaine...or your mom, you need to declare it on income taxes. They might not catch selling cocaine but if they catch you with undeclared cash, they'll Al Capone you. I'm almost certain that all countries have a catch all phrase to include any gains /income.
- charlesdm 9y agoNot all countries have capital gains tax, so no.