Per the questions about taxes and Bitcoin

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I have heard people say that for your taxes you have to pay capital gains tax. So if I buy bitcoin for 400 dollars and it's now 1200, and I sell it, I need to pay tax on that 800 dollar gain.

However, couldn't someone just send that bitcoin to a new wallet effectively making it seem like they bought it for it's current price?

submitted by /u/chochochan
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1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


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