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A comment on Lake Tahoe Property Sells for $1.6M in Bitcoins. Parent comment

Re:Lake Tahoe Property Sells for $1.6M in Bitcoins by plerpin on Tuesday February 09, 2021 @08:34PM (#26084848)
It does not. Bitcoin is a commodity, not a currency, so you have to pay capital gains on any appreciation that you realize.

Active traders of Bitcoin have to track the bases of their lots so that they can pay taxes on each sale.

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