Post
Topic
Board Legal
Re: It is now next to impossible to spend bitcoins legally if your american
by
BigV
on 27/03/2014, 04:08:50 UTC
If you are using bitcoin for coffee then you are not getting cash.  Tax laws are complex and there are no experts, just people who claim to be.

If you have a capital gain on bitcoin and invest those gains in something else it is a different set of rules than if you cash out and take a trip to Vegas.  Tax law is aimed at protecting the wealthy and punishing the stupid.  Don't be stupid.