Tax-Free Bitcoin for Coffee? BPI Explains Exemption Fight

If you want to buy a $4 latte with Bitcoin, you owe the IRS a capital gains calculation simply because your crypto appreciated by six cents. Of course, this is a huge hindrance to mainstream adopti...

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Tax-Free Bitcoin for Coffee? BPI Explains Exemption Fight

Source: cryptonews.net

If you want to buy a $4 latte with Bitcoin, you owe the IRS a capital gains calculation simply because your crypto appreciated by six cents. Of course, this is a huge hindrance to mainstream adoption in the payment sector.The IRS classifies Bitcoin as ...