Post
Topic
Board Legal
Re: Providing documentation of bitcoin revenue for a house purchase
by
mel2000
on 25/12/2013, 16:28:21 UTC
Quote
...if you are looking for a tax deduction keep in mind that using your BTC for a down on a house may be treated for tax purposes like selling the BTC - if you have a large gain it may create taxable income that you are not thinking about..... just a thought.
How could a home down payment from BTC profit be anything other than a taxable gain (in USA)?