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Replying to Avatar Globe99

In the US at least you're technically required to calculate capital gains on *everything* you purchase with Bitcoin. $4 cup of coffee, $20 book, $50 meal... IRS expects you to break out the spreadsheet and calculate FIFO/LIFO basis on every single purchase.

Can you imagine doing that for a *full years* worth of purchases? This, to me, is problem #1 for mass adoption.

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Marc 9mo ago

That sounds like those sales taxes I heard about in history class. Something about paying taxes on tea or some shit like that.

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