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Author Topic: IRS changes course declares bitcoin currency  (Read 1079 times)
Singlebyte (OP)
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April 01, 2014, 09:50:17 PM
Last edit: April 01, 2014, 11:05:34 PM by Singlebyte
 #1

http://bitcoinmagazine.com/11909/irs-changes-course-declares-bitcoin-currency/

Government never gets things right.....especially on the first go around!  Glad to see they are taking another look at it.
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April 01, 2014, 09:53:24 PM
 #2

April fools!
Bit_Happy
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April 02, 2014, 04:06:45 AM
 #3

Bitcoin IS a currency.
Please do not let the Gov create your reality.

CryptoPanda
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April 02, 2014, 06:29:01 AM
 #4

1st April
bryant.coleman
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April 02, 2014, 06:31:46 AM
 #5

Tax-wise it'll not make much of a difference. Will it?
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April 02, 2014, 06:44:16 AM
 #6

Tax-wise it'll not make much of a difference. Will it?

It will, and it's confusing.
Money (income) vs. property (capital gains)
Accounting is a hassle either way...

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April 02, 2014, 06:57:53 AM
 #7

fool me once, shame on me
fool me twice...

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bryant.coleman
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April 02, 2014, 06:59:54 AM
 #8

It will, and it's confusing.
Money (income) vs. property (capital gains)
Accounting is a hassle either way...

In my country, long-term capital gains tax is much lower than income tax. So right now, it is a win-win situation. Right?
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April 02, 2014, 10:31:10 AM
 #9

Another April Fools.

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