Quote:
Originally Posted by dyna mo
thanks for the thread, L, very thought-provoking.
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With all the threads touting bitcoins no one pointed out how the existing tax code treats each and every transaction as a gain/loss and the record keeping involved to be compliant. In my opinion if you are 100% compliant with the tax code you are just wasting your time and incurring risk by using bitcoins.
If you are looking to be an underground member of society then have at it and good luck.
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