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Trump will be the 1st Bitcoin President!!!!
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<blockquote data-quote="BadIdeaGuy" data-source="post: 6123110" data-attributes="member: 73381"><p>Capital gains and losses.</p><p></p><p>The US does not currently have any de minimis exemptions, which means that if you buy a coffee with Bitcoin, they want to know what your original cost basis was, and how much you “made” on the transaction.</p><p></p><p>No one does report the transactions, but legally speaking, it’s currently tax fraud that they are practicing.</p></blockquote><p></p>
[QUOTE="BadIdeaGuy, post: 6123110, member: 73381"] Capital gains and losses. The US does not currently have any de minimis exemptions, which means that if you buy a coffee with Bitcoin, they want to know what your original cost basis was, and how much you “made” on the transaction. No one does report the transactions, but legally speaking, it’s currently tax fraud that they are practicing. [/QUOTE]
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