Using Bitcoin For Taxes…Triggers More Taxes

Or soon, you could pay with $5,000 worth of say Bitcoin, Ripple, or Ethereum. As long as the crypto is worth $5,000 when you pay, you're home free, right? Not really. After all, you need to consider the sale you just made. The transfer of the crypto to the tax man is a sale, and that could mean more taxes …

from Google Alert – bitcoin, cryptocurrency http://ift.tt/2oyWbEt
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