Post
Topic
Board Legal
Re: It is now next to impossible to spend bitcoins legally if your american
by
Peter R
on 26/03/2014, 21:01:29 UTC

there is no way the IRS will allow people to avoid paying taxes using this trick.
if this really catches up i am sure they will clarify that the determining exchange rate for tax purposes is the median of all inputs or something of that sort.

This is neither a trick nor a method to avoid paying taxes.  You would report the same amount of capital gains taxes either way, but this has the potential to significantly simplify accounting for all parties involved.