Would love for some one help me out on this. This is for person living in the states.
I want to buy a loaded casacius coin 1.1 btc. If I purchase it and the seller most likely sells my btc
The following day. Would I pay capital gains tax on the 1.1 or does the buyer pay it real confused not a tax person.
I'm not a tax expert, but the IRS is pretty clear on this subject. You must pay capital gains tax on the difference in the value of 1.1 BTC between when you bought it and when you exchanged it for the coins.