PwC Hong Kong first Big Four firm to accept bitcoin

Re:PwC Hong Kong first Big Four firm to accept bitcoin by ac29 on Friday December 01, 2017 @11:40PM (#15830191)

>As long as the money i spend on the card is less than the money i place on it i only have unrealised capital gains.

Either you aren't in the US, or you don't understand how capital gains work. What you describe is exactly a taxable event (could be a loss, could be a gain).

Selling X shares of a capital asset for $Y is always taxable, no matter if you also buy X more shares, or $Y more in the same period of time. See also: wash sale [0].

[0] https://www.investopedia.com/terms/w/washsalerule.asp

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Re:PwC Hong Kong first Big Four firm to accept bitcoin by Frogolocalypse on Saturday December 02, 2017 @12:20AM (#15830318)

I am not in the US.

https://en.wikipedia.org/wiki/Capital_gains_tax_in_Australia

> CGT operates by having net gains treated as taxable income in the tax year an asset is sold or otherwise disposed of.

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