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A comment on MobileCoin: A New Cryptocurrency from Moxie Marlinspike. Parent comment

Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by DennisP on Friday December 15, 2017 @08:36PM (#15936817)
In the U.S. there's already a small-purchase exclusion for foreign currencies.
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by garmaine on Saturday December 16, 2017 @03:48AM (#15938544)
Bitcoin is not a currency for tax purposes in the USA.
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by DennisP on Saturday December 16, 2017 @09:52AM (#15939757)
Right, which is why you can't exclude small transactions now. The bill I mentioned has been introduced to fix that.
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by speedplane on Saturday December 16, 2017 @03:51AM (#15938552)
Certain states now require you to report bitcoin gains... so actually it is.
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by zodiac on Saturday December 16, 2017 @04:24AM (#15938647)
All states require you to pay capital gains tax on Apple stock...it must be a currency then
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by speedplane on Saturday December 16, 2017 @05:11AM (#15938795)
There are a lot of ways of defining what a currency is or is not. Taxing gains on it is one way. Another way is having an official body say so, which has happened in several US court cases.
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