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Existing tax code already covered crypto to a large extent. If you buy a boat for $100k and sell it for $150k, you've always had to pay taxes on the difference
by britneybitch 4y ago
Existing tax code already covered crypto to a large extent.
If you buy a boat for $100k and sell it for $150k, you've always had to pay taxes on the difference.
Crypto works the same way.
- panarky 4y agoUnlike with digital assets, you don't have to tell the IRS you acquired a boat unless you sell it and owe tax.