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I think rashkov is talking about trading Bitcoin directly for goods and services, as originally intended. If you did that, you'd have to report every purchase
by leereeves 6y ago
I think rashkov is talking about trading Bitcoin directly for goods and services, as originally intended.
If you did that, you'd have to report every purchase on your taxes as a separate asset sale.
- ryandrake 6y agoThat doesn't seem unreasonable. If I traded you a share of TSLA for a laptop, the IRS would treat it similarly, no? Bartering transactions are taxable.
- deleted 6y ago[deleted]
- gpapilion 6y agoYes completely taxable. The difference being most people don’t trade Tesla shares for laptops.