Re:The Lightning Network: Turning Bitcoin into Money
by TekMol on Wednesday July 13, 2022 @07:21AM
(#32081178)
In the US and other countries I have heard about, it applies to the sender also.
If you buy Bitcoin for $X and then buy something with those Bitcoin, then you have to record the "fair value" $Y of that something and pay taxes on $Y-$X. On the amount that your "Bitcoin speculation" has earned you.
Looks like in the Netherland, it is different indeed. Making it much easier to use Bitcoin.
If you buy Bitcoin for $X and then buy something with those Bitcoin, then you have to record the "fair value" $Y of that something and pay taxes on $Y-$X. On the amount that your "Bitcoin speculation" has earned you.
Looks like in the Netherland, it is different indeed. Making it much easier to use Bitcoin.