Quote from: nikb on February 21, 2013, 10:24:33 PM

Quote from: kalinka on February 21, 2013, 10:09:48 PM

Hi,

I believe I have made my 5 posts by now.. I'm only just over 2 hours logged in and don't have time to continuously browse the forums a lot. I want to post a question regarding bitcoin taxes. I live in the US, and am wondering if I use BTC in my business, should I re-evaluate the value of the BTC in my inventory at the end of the tax period, or do I wait until I convert it to cash. (If I am using accrual basis). I think it would be more appropriate to ask in the legal forum than in here.

Thanks.

I think that's a question better suited for your accountant and/or your attorney. Do you really trust mostly anonymous people to dispense tax advice?

I suppose this is a valid point. I think I have the answers I need... I will just try to find it out myself, I suppose.