
The IRS last week will force the average Bitcoin user to keep a strict record of every purchase made all year long then perform difficult calculations to account for the changing value of a bitcoin.It's meant to extract taxes from any gains in Bitcoin's value, and the rule applies to everything bought with electronic money, from coffee to cars.That's problematic for two reasons. The going rate for a bitcoin fluctuates wildly easily by more than $10 a day. And no one diligently records the price of a bitcoin at every purchase.For example, you buy a bitcoin for $500. It doubles in value to $1,000. With your more powerful bitcoin, you can now spend it all on a guitar. You enjoyed a $500 gain in Bitcoin value, and you'll need to report that on your tax return
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