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_people_ may believe that but I don't think the IRS does. Spending crypto that has appreciated in value on goods and services is still a taxable event for CGT p
by draaglom 6y ago
_people_ may believe that but I don't think the IRS does. Spending crypto that has appreciated in value on goods and services is still a taxable event for CGT purposes.
- PragmaticPulp 6y agoExactly. "Spending" the cryptocurrency is just convenient UX over the exchange process. Using a credit card that abstracts the details doesn't get you off the hook from paying capital gains tax.