4 ms·
In some jurisdictions that is a taxable event. However isn't a gain only a gain when it is realised? If I have 10 BTC worth a $1000 and then they are worth $100
by celticninja 9y ago
In some jurisdictions that is a taxable event. However isn't a gain only a gain when it is realised? If I have 10 BTC worth a $1000 and then they are worth $100000, do I need to report a gain if I don't sell them? My assumption is that I only have a taxable gain when I turn it into USD.