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Fortunately I live in a country where such thing is a big tabu. I only need to declare my gains (and only in case I'm holding less than a year) - and there are
by emteycz 4y ago
Fortunately I live in a country where such thing is a big tabu. I only need to declare my gains (and only in case I'm holding less than a year) - and there are none if I am simply using BTC to send cash.
- colecut 4y agoSo btc has only gone down since you bought it? If you buy btc, and value goes up, and you use it to "send cash" that is a gain.
- emteycz 4y agoBTC has stayed the same price for the duration of my transfers. It's just a few hours most of the time. There is also allowance in the law for this case - I don't need to declare anything unless I profit over $1k/year.