Re:Tarsnap Support for Bitcoin Ending April First
by dahdum on Sunday January 28, 2018 @12:48PM
(#16252287)
That would still be investing, business would pay taxes on the Bitcoin value at the time of purchase as revenue, regardless of conversion to fiat in whole or part.
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Re:Tarsnap Support for Bitcoin Ending April First
by yebyen on Sunday January 28, 2018 @01:19PM
(#16252456)
I know, so you pay your taxes and now you might as well have been a day trader for the levels of complexity that adds to your tax accounting burden.
Not sure what my point was really — that's just about exactly how this plays out.