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Author Topic: If Bitcoin is property are all bitcoin purchases in the USA now in fact barter?  (Read 701 times)
qwerty555 (OP)
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March 26, 2014, 06:55:12 PM
Last edit: March 26, 2014, 07:17:53 PM by qwerty555
 #1

Property exchanged for goods or services in the USA is barter. Barter is taxable and reportable

http://www.irs.gov/uac/Four-Things-to-Know-About-Bartering-1



If that is the case can the vast network of barter clubs  trade bitcoin , now  property/goods in exchange for other  goods and services?

http://www.barternews.com/mappage/

and here's a fairly good explanation of how barter exchanges work and what they aim to achieve Smiley

http://www.businessweek.com/articles/2012-07-12/using-a-barter-exchange-to-conserve-cash

and if we substituted the words "trade dollars" for "virtual currency"  would it change the meaning substantially ( for the usa)



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March 26, 2014, 10:14:51 PM
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I found something: https://www.youtube.com/watch?v=fvqkQvOWgeo

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