3 upvotes, 2 direct replies (showing 2)
View submission: Don't invest recklessly
even though you have to pay taxes on bitcoin
Do you? You pay taxes when you sell bitcoin, but lets say you bought 10 bitcoins when they were $40 each, now that you have 100,000, do you pay taxes even though you haven't cashed them out?
Comment by coffee_snake at 30/11/2017 at 15:43 UTC
2 upvotes, 0 direct replies
yes. capitol gains. you must pay taxes on your earnings. but only once you've cashed out or even spent those btc
Comment by [deleted] at 30/11/2017 at 10:40 UTC
1 upvotes, 1 direct replies
Capital gains tax I think?