im wondering if nows the time when few years down the road people would be saying on hindsight.. darn should have bought it then when its so darn cheap..
Apply this to almost every point in BTC's history. Thats all that matters as a hodler.
i'm holding but after IRS ruling I've no choice..it is 43% capital gains tax if i sell the coins before 1yr and a day...it is taxed 25% as i mine the stuff
so yeah coin better go up and laws better get tweaked imho
the tax cpa lady said the only smart thing i did was NOT sell anything
so i wrote off the works as a new business in the usa (1/2 of equip expenses can be written off) and home office deduction etc
and if bitcon is considered 'capital gains...then according to tax lady if next year tanks i can take a capital loss up to 3k on my taxes from then
till it catches up on the loss
again IRS can't have it both ways
so anyway....if btc survives in some modest manner i'm fine ..if the irs ruling holds 5 yrs from now if/when i sell some coin..though for them
i paid taxes in 2013 ..so future 'looksees' 7yrs behind can be do-able....but hey it is all on the up and up at my end accoring to cpa lady
showed profit ..taxes for state and local was 550 bucks...i'm golden
(well unless the price tanks below 150 usd a coin..then i'd be scratching my head
Searing