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A comment on Reported Bitcoin 'founder' Craig Wright's home raided by Australian police. Parent comment

Re:Reported Bitcoin 'founder' Craig Wright's home raided by ... by randyrand on Wednesday December 09, 2015 @02:03AM (#10702342)
Bitcoin is still volatile.

Typically tax on volatile income is paid when you "cash out" to a more stable currency.

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Re:Reported Bitcoin 'founder' Craig Wright's home raided by ... by girvo on Wednesday December 09, 2015 @03:06AM (#10702510)
I wonder if capital-gains tax applies to Bitcoin? I'd think it would. And it's quite large, too.
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Re:Reported Bitcoin 'founder' Craig Wright's home raided by ... by mikeyouse on Wednesday December 09, 2015 @03:12AM (#10702525)
Yep, the Australian Tax Office recognizes it as a commodity that's subject to capital gains taxes.
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