Quote from: Bitcoinpro on April 21, 2013, 12:20:02 PM

Quote from: kokjo on April 21, 2013, 11:52:38 AM

Quote from: Bitcoinpro on April 21, 2013, 11:49:04 AM

no one is avoiding paying taxes, bitcoin is a global currency its called a totally new concept

that does not matter in tax laws... if i have a capital gain from bitcoin, i would have to pay taxes. it does not matter if im exchanging them back into fiat: i still had a gain.

if its claimed as capital gains then it can be claimed as capital losses with the similar tax deductions,

yup. but you don't have capital losses(unless you are stupid and bought at 266).