Quote:
Originally Posted by facialfreak
The main thing you negate to mention, is that household furnishings, and stocks and bonds are purchased with fiat currency. Bitcoin is an algorithm. Bitcoin is not legally a currency - by definition - until it is traded for a fiat currency.
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Neither is an apartment. An apartment is not a currency. However, if I hire you and include free housing, that becomes taxable compensation to you. Taxes don't solely revolve around "profits" in the form of cash.