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replied 1997d
*Most* interesting to me is that this really shakes up the taxable event issue. We have a major company participating in a payment method with an undue regulatory burden.
replied 1997d
My hope is that if we get critical mass on crypto being used, the Feds will have to abandon that reasoning and just treat using it as a regular non-taxable event.
replied 1997d
They could still tax people doing actual "trading" I suppose, like on exchanges. I can't declare a loss because my USD are losing value each year.