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Old 06-18-2013, 12:40 PM  
L-Pink
working on my tan
 
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
Right from the IRS ……………...

"Almost everything you own and use for personal or investment purposes is a capital asset. Examples include a home, personal use items like household furnishings, and stocks or bonds held as investments. When a capital asset is sold, the difference between the basis in the asset and the amount it is sold for is a capital gain or a capital loss"


Your customer either made or lost money on their bitcoins and buying something from your company in no way negates any tax owed.

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Last edited by L-Pink; 06-18-2013 at 12:44 PM..
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