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Other / Beginners & Help / Re: Tax on alternate currencies
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on: June 12, 2011, 05:35:24 AM
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Wouldn't the issue but, sure BTC to BTC is barter, but once you exchange BTC say for USD, that is essentially "income" and therefore taxable?
BTW: I'm not a tax lawyer, or any sort of lawyer. This is just me musing.
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Other / Beginners & Help / Re: What is your current BTC situation?
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on: June 12, 2011, 05:33:06 AM
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Same with the OP here.
I've actually been really fascinated with BTCs for awhile. But after speaking to a couple of friends, I have a little bit of cash that I was planning on spending on something useless, so why not try this, and have some fun.
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