I am going to be using some of my bitcoin to cover a down payment on a home.
Don't worry, my diehard friends, I'm not mooning yet, but I do want to diversify.
My question is about using Bitcoin directly to pay a down payment. The reason I would want to do this instead of selling bitcoin and paying the down with USD is because the event of selling bitcoin would trigger capital gains tax of about 15%. But I believe if I can find a lender/seller/escrow who's willing to accept BTC as currency for down payment, then there's no capital gain to tax.
Looking to see if any of you have had any experience with this or any advice to share, and thanks!
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