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Because there are massive tax benefits to purchasing something with bitcoin. What other asset can be turned into a hard good without realizing a tax on appreci
by MobileVet 6y ago
Because there are massive tax benefits to purchasing something with bitcoin. What other asset can be turned into a hard good without realizing a tax on appreciation?
- jcampbell1 6y agoHuh? Every time I spend bitcoins I pay capital gains on the amount I spend. If you don’t, you are committing tax fraud.
- tom_ 6y agoNot sure about other places, but the UK and US treat this situation as equivalent to a sale of the cryptocurrency. Capital gains tax may become due.