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Author Topic: If I spend the coins I paid too much for I don't owe any taxes on...  (Read 541 times)
Bit_Happy (OP)
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March 29, 2014, 03:19:52 AM
 #1

If I spend the coins I paid too much for, I don't owe any extra taxes on a $2 cup of coffee.
However, I still need to track the a $2 cup of coffee since I was "selling" a small amount of property at a loss, and that loss will help offset other gains.

So simply using "expensive" coins for daily spending will not help simplify accounting at all.
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