MultiversX Tracker is Live!

El Salvador may have done a bigger favor for US bitcoiners than most realize

Bitcoin Reddit

More / Bitcoin Reddit 195 Views

I'm not a tax professional or anything, but the fact that another country's official currency will soon include Bitcoin has potentially huge impacts for tax reporting in the United States. IRS code provides an exception to capital gains reporting for transactions up to $200 when exchanging dollars to a foreign currency. Whether the IRS modifies that exception remains to be seen, but if not, this will be one less impediment to using Bitcoin for daily purchases as well as an advantage that no other altcoin can claim.

submitted by /u/bj2183
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments