Hacker News new | ask | show | jobs
by zielmicha 2512 days ago
You can imagine you are converting BTC to dollars right before purchase. If you had 1 BTC worth $1000 at the beginning of the year and then 6 months later (when it was worth $1500) bought something with it - you earned $500 in capital gains. (Not saying this is the current law, but that method seems to make sense)