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So that would probably hold true with bitcoin since the IRS sees bitcoin as an "investment property" more akin to stocks and bonds.
by bb88 7y ago
So that would probably hold true with bitcoin since the IRS sees bitcoin as an "investment property" more akin to stocks and bonds.
- beefalo 7y agoIt is the same as using anything other than USD to trade for something. Wether that is Stocks, Euros, GBP, goats, if you bought it at one price and traded it for something else based on a different price, you owe taxes for your capital gains from holding that asset.