Thursday, February 7, 2019

Tax law makes it impossible to use bitcoin as currency to buy things in the US...

In the US, these are considered taxable events:

crypto to fiat / crypto to crypto / crypto to pay for a good/service /

How can people use bitcoin as a currency if every time you try to buy something with it, you are creating a taxable event?? Taxes get extremely messy if you have done any kind of crypto to crypto trading... i cant imagine doing taxes if you bought a couple of items with bitcoin

Is something being done about this or am I missing something?

Thank you


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