MultiversX Tracker is Live!

Taxed on cyrpo gains of course. But what happens when crypto can be exchanged for goods?

Etherum Reddit

More / Etherum Reddit 182 Views

So obviously if you buy lets say Eth at 3,500 and sell at 4,000 you will be taxed on the gains from coinbase or whatever medium you use.

When we get to the point where crypto will be accepted as payment for groceries, plane tickets, etc. Do you also get taxed on using crypto as payment? Lets say you bought 10 bitcoins in 1014 and were able to buy a tesla with your bitcoins. You pay your .5 bitcoin to Tesla, do you get taxed on that .5 bitcoin payment since the value difference from when you bought to transferred is immensely higher?

Cheers!

submitted by /u/BoxyM3
[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