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Title: Using Bitcoin to Buy Things Could Trigger IRS Tax Bill Post by: ihnattm on October 22, 2017, 01:58:04 PM Hi !
Using Bitcoin to buy everyday things, such as a burger, could trigger a tax bill from the IRS due to cryptocurrency being considered property. However, there is potential relief on the way in the form of new legislation. :o :o :o http://bitcoinist.com/using-bitcoin-buy-things-trigger-irs-tax-bill/ Title: Re: Using Bitcoin to Buy Things Could Trigger IRS Tax Bill Post by: eckmar on October 22, 2017, 03:40:26 PM Hi ! Using Bitcoin to buy everyday things, such as a burger, could trigger a tax bill from the IRS due to cryptocurrency being considered property. However, there is potential relief on the way in the form of new legislation. :o :o :o http://bitcoinist.com/using-bitcoin-buy-things-trigger-irs-tax-bill/ Don't withdraw btc to bank and then buy a burger with a card. Use BTC atm or find guy on localbitcoins.com, get cash, buy burger. Problem fixed. |