Post
Topic
Board Legal
Re: I didn't pay capital gains tax on bitcoin sales to IRS today
by
runam0k
on 16/04/2014, 09:18:42 UTC
1. people will find other ways to not need FIAT, thus not needing to claim FIAT gains
Isn't spending bitcoins a tax event, meaning you must account for the fiat value of any gains regardless (i.e. fiat value of the goods or services you purchase minus fiat value of the bitcoins when you acquired them)?  The tax ruling was not just about converting BTC to fiat.