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Poll Opened Responses

Does the New IRS Rule Affect Your Bitcoin Spending Habits?

The IRS officially defines all transactions as a tax event, including events like buying a cup of coffee. This coffee purchase would be a tax event which is required to be reported, and tax on long/short term gains are required to be paid. Naturally, this requires meticulous (and arguably impossible in many cases) record keeping for us bitcoiners. http://www.irs.gov/pub/irs-drop/n-14-21.pdf For those of you who spend bitcoins, or plan on spending bitcoins in the future, does this IRS ruling affect your decision to use bitcoins as a payment option for retail goods?

Apr 3, 2014 6 so far

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