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A comment on IRS reminds taxpayers to report virtual currency transactions. Parent comment

Re:IRS reminds taxpayers to report virtual currency transact... by spookthesunset on Monday March 26, 2018 @12:36AM (#16676640)
Of course you need to report them. If you used AMZN stock to buy bubble gum or shoes, you'd have to report it too. Just because it is named crypto "currency" doesn't actually make it a currency...
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Re:IRS reminds taxpayers to report virtual currency transact... by ricardobeat on Monday March 26, 2018 @02:12AM (#16676993)
You can’t possibly buy bubblegum using stock. Having the properties of a currency makes them currencies!
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Re:IRS reminds taxpayers to report virtual currency transact... by stryk on Monday March 26, 2018 @04:55AM (#16677565)
I'll sell you all the bubblegum you can chew for some stock. I don't even care _what_ stock.
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Re:IRS reminds taxpayers to report virtual currency transact... by ricardobeat on Monday March 26, 2018 @07:01AM (#16677984)
Have you seen any stock certificates, on paper, recently? I can’t name a broker that doesn’t use completely digital books. Either way, that’s meaningless. We could barter wood instead, but that doesn’t make it a currency (until it does!).
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