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Old 06-18-2013, 12:25 PM  
L-Pink
working on my tan
 
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
If I have a bitcoin I mined at $7 and give it to your company for $100 worth of product I owe taxes on the $93 gain.

What you owe on the bitcoin depends on your companies profit/loss on that coin when you use it. Telling someone it's a tax-free exchange is wrong.


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