Quote:
Originally Posted by woj
IF bitcoins ever take off, it would be relatively easy to setup software to track everything correctly.... so site owner would just buy some $199 software, then just once a month (or year or whatever) export all the transactions, all correctly tracked with exchange rates, all correctly calculated, etc...  |
Correct … I'm sure someone will eventually develop something. I'm just pointing out the pitfalls of not paying attention to current IRS regulations and the fact buying/selling/using bitcoins can't be viewed as simple transactions like paying with dollar bills.
.