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That would still be investing, business would pay taxes on the Bitcoin value at the time of purchase as revenue, regardless of conversion to fiat in whole or pa
by dahdum 9y ago
That would still be investing, business would pay taxes on the Bitcoin value at the time of purchase as revenue, regardless of conversion to fiat in whole or part.
- yebyen 9y agoI know, so you pay your taxes and now you might as well have been a day trader for the levels of complexity that adds to your tax accounting burden. Not sure what my point was really — that's just about exactly how this plays out.