4 ms·
That simply isn't true. As someone else said, taxes are not owed on bitcoin until you realize your profit by converting them to USD or spending them on goods.
by javert 13y ago
That simply isn't true. As someone else said, taxes are not owed on bitcoin until you realize your profit by converting them to USD or spending them on goods.
- danudey 13y agoBecause really, things don't have value until they're sold. Until then, there's just assumed value. He might have $400m worth of bitcoins, but can he actually sell them and get $400m for them? It would be tricky.