If I just hold Bitcoin do I have to do any tax stuff

If I’ve only ever bought and never sold do you need to pay any taxes? Since the gains aren’t realized yet?

submitted by /u/WallStTycoon
[link] [comments]

from Bitcoin - The Currency of the Internet https://ift.tt/2PEI7dO

Comments

Post a Comment

Popular posts from this blog

Market Cipher B — Reversed Engineered and Free

Hello Everyone, I have reverse engineered CryptoFace's Market Cipher B. It is free on TradingView now. Please share and like the TradingView script. https://www.tradingview.com/script/FxSyGhQl-Market-Cipher-B/ submitted by /u/jamesinator69 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2Yy0UJV
Read more

Just moved everything to cold storage

Feels good. Had over a coin on block fi and Gemini custody. Just couldn’t shake the feeling of it disappearing due to some unknown including a government confiscation. Considering we are probably in attack phase before acceptance best to hide in the shadows. I will say though moving off block fi was incredibly easily. Didn’t think it would be. And I will say I don’t think I could live with my self losing btc especially as the price goes up. I know my self and I can regret stuff hard core for a long time. submitted by /u/Aggravating_Shoe169 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/39pTQo1
Read more

I officially closed the deal on my new house today after months of negotiations. Bought 100% with Bitcoin!

I Can’t say it wasn’t a long tough road to get to this point, talking with the owner for weeks, months, and even doing a lease buy for months ahead of this with a contract written out for traditional financing of the house. But after major convincing and explanation of cryptocurrency in general to the previous owner, Who wasn’t super familiar with how it works. We came to a conclusion that buying the property in BTC would benefit both of parties. I am ecstatic! This is what it’s all about. Cheers 🍻 submitted by /u/Accomplished_Dig_247 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3g8vJhj
Read more