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by 52-6F-62
3046 days ago
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>In order to be considered a "gain" or a "loss", according to my accountant, the commodity must be realized into fiat money. "Selling or buying" means selling into fiat or buying with fiat. "Bartering" means trading for goods or services -- crypto is not considered to be goods or services. Thanks for the extended update! That's very interesting! I have been hesitant to take advantage of some potential gains because of the burden of maintaining a record of every inter-coin transaction. If your accountant is correct, then that's a load off—and a major advantage. It really is a brand new asset class, then. |
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