367805
Taylor Zork CPA, MBA
@taylorzork #367805
Co-Founder & CEO of CryptoCFOs.com
Bridging the gap between tradfi and DeFi for tax and accounting pros
Crypto/Surf/Acro
Uvita, CR
6 Follower 81 Following
π Its official, I just sold my car for BTC..π€
What are the tax implications?
The only thing this triggered was to establish the cost basis of my BTC
This means, if I ever sell my BTC I will recognize capital gains on the difference between the future sales proceeds and this cost basis that I just established
What are the tax implications?
The only thing this triggered was to establish the cost basis of my BTC
This means, if I ever sell my BTC I will recognize capital gains on the difference between the future sales proceeds and this cost basis that I just established