Re:MasterCard to open up network to cryptocurrencies
by dillondoyle on Thursday February 11, 2021 @03:41PM
(#26106835)
Yikes. I was going to reply this is my biggest question/concern.
Cap Gains on btc profit is crazy insane. I guess it's offset if value increases 100% since you bought - but that's still a big tax tax on anything you buy.
Maybe you can get lucky and set some type of tax advantage first in first out during down swings to take a loss?
Cap Gains on btc profit is crazy insane. I guess it's offset if value increases 100% since you bought - but that's still a big tax tax on anything you buy.
Maybe you can get lucky and set some type of tax advantage first in first out during down swings to take a loss?