Originally Posted by L-Pink

I'm not an IRS agent and personally don't give a fuck what people do or don't do on their personal taxes any more than I care what drugs they take. The only points I'm trying to make are don't be ignorant of existing laws. Make informed decisions aware of the facts.

The IRS doesn't take "oops my bad, I didn't know" as an excuse.

Bitcoins while new still fall under existing tax laws regarding profit on assets. Having a business come here and falsely say profit earned isn't taxable if they pay by bitcoin is foolish. Always know the law but obey it at your informed discretion.

Personally ??.. I'm pissed I didn't load up when they were cheap and envious of those that did. Then again I didn't buy microsoft or google at their lows either.


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