View Single Post
Old 03-20-2013, 08:32 AM  
L-Pink
working on my tan
 
L-Pink's Avatar
 
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
dayn mo ….. Example; I pay you xxx in bitcoins. Based on the days bitcoin value to the dollar that's say $500.00. So your income is $500. Now if the bitcoins change in value before you cash them out or trade them to someone else you need to account for that change in value either as a gain or loss.

Again what an accounting nightmare. And a double nightmare if they lose value.

.
L-Pink is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote