Tax Loss Selling in Bitcoin Ep. 32

10/12/2014 20 min

Listen "Tax Loss Selling in Bitcoin Ep. 32"

Episode Synopsis

Tax Loss Selling in Bitcoin Ep.32

* In 2014 Bitcoin was the worst-performing financial asset
* Spending bitcoins triggers a taxable event
* Spending or selling at a loss also reflects on your taxes
* This holiday season, harvest tax losses while shopping
* Write-off could exceed value of gift
* You can also buy bitcoins back at a savings from original cost if you wait 30 days
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