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by shiado
2444 days ago
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This generates a lot of additional questions. What about a multisig situation? Can I have a buddy withhold a digital signature until I want to transact so that I did not own the crypto up until the transaction? Add in multiple jurisdictions of private key holders and things could get really interesting. Maybe it would be possible to pay no taxes at all! What about exchange coins where the person has no private keys and hence owns no crypto at all? Would they still have to pay taxes on crypto they clearly don't possess? What an absolute mess. |
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As an analogy: if I get paid by check on december 30th, and the check doesn't clear until january 2nd, is the income for the old year, or the new year? What if I hold onto the check, waiting for the new year? How about if I have the check, but I'm snowed in, and can't get to the bank? What if I can get to the bank on december 30th, but the bank is snowed in and closed?
(Answers: old year, old year, and then two don't knows)