If you made a ton of micro payments over say the course of a year when the bitcoin price was rising relative to usd, what are you supposed to do, go back and find the exact capital gains of each micropayment and total them? That's what they are implying and few people are going to do that.
yep that is what you are supposed to do.....same for trades...it is unworkable ..it prob will get resolved in our favor but i suspect with bank and other powers pushback
that won't happen in the usa till sometime the middle of summer...we will likely lalygag in this morass till then imho
but by then BTC will prob be like 200 bucks if we are lucky..would you take
BTC with the IRS spewing all this idiocy...miners will ignore it...but merchants can't imho
Searing