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If you are paid in bitcoin, then you reconcile the
Posted on: January 4, 2021 at 10:57:49 CT
Joeboo MU
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profit or loss when you cash-out, vs the value that you originally received it.
In an accounting sense, it's no different than buying and selling stocks, or receiving stocks as compensation.
Everything tax-wise is based upon the value when you sell, vs the value at which it was acquired
In an accounting sense, it's no different than buying and selling stocks, or receiving stocks as compensation.
Everything tax-wise is based upon the value when you sell, vs the value at which it was acquired
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If you are paid in bitcoin, then you reconcile the - Joeboo MU - 1/4 10:57:49