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Replying to Avatar Hypno Kitty

I think that’s what the bill says. It was an amendment proposed by Cynthia Lummis and is intended to provide a de minimus exemption for spending bitcoin to buy goods under $600, e.g., burgers at SteakNShake. But it doesn’t cover conversion of btc to cash, cash equivalents, business property, or income-producing assets.

af
Condor 6mo ago

Oh ok. Hope they are taxed as profit

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