I posted this in Bitcoin and didn’t get much info:
I sold a car for BTC and want to buy a motorcycle. If deposit this BTC into my exchange and put in my bank account it will become a taxable event as the IRS will view it as a first in - first out capital gains event and tax MY BTC. But this is not a taxable event.
Without going to local.Bitcoins, and becoming a seller with zero sales how do I get cash to buy my bike?
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