Ohio will accept Bitcoin for corporate tax payments via Bitpay

Re:Ohio will accept Bitcoin for corporate tax payments via B... by akerl_ on Sunday November 25, 2018 @01:27PM (#18528056)

I'd assume yes, just the same as if you sold bitcoin for USD yourself in order to pay the taxes.

Ohio isn't making a claim that they're changing their official currency to Bitcoin, any more than a site that adds Paypal support or Apple Pay support is claiming that their new currency is AppleBucks.

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Re:Ohio will accept Bitcoin for corporate tax payments via B... by baddox on Sunday November 25, 2018 @02:07PM (#18528327)

For thoroughness, it’s also just the same as if you sold anything else that’s subject to capital gains tax in order to pay your taxes, which I suspect is not a rare occurrence.

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