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You generally don't get taxed for holding personal goods, except real estate, at least in the US. I'm not a tax specialist, but it seems likely you would only
by qdog 14y ago
You generally don't get taxed for holding personal goods, except real estate, at least in the US. I'm not a tax specialist, but it seems likely you would only get taxed on bitcoin transactions, ie: if you sell bitcoins for U.S. $ you would get taxed on the profit, much like a stock.
If you mean use bitcoins to avoid any taxation at all, well, I guess you better have a bunch of lawyers lined up.