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Re: Questions to theymos about the $1,000,000 forum software project
by
theymos
on 15/02/2014, 20:36:11 UTC
This transaction doesn't significantly affect taxes AFAIK. By "selling" bitcoins in this way, a lot of USD income was made via capital gains, but it immediately became an expense. The net income is zero for this transaction. Appropriate taxes (determined by a professional) will be paid, of course.