Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $19,829
24%  
Woo hoo!! And we're now over 24%!! Thank you all very much!! God bless.

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  • IRS Confirms Capital Asset Rules, but Are They Realistic for Small Transactions?

    04/01/2014 6:33:18 AM PDT · by Errant · 16 replies
    Coin Desk ^ | 1 April 2014 | Danny Bradbury
    Does the IRS really want to you to track your capital gains on bitcoin every time you buy a sandwich or a sweater in the digital currency? After our analysis of the Internal Revenue Service guidelines on bitcoin, released in March, some people expressed surprise. They were amazed that the IRS could seriously be applying capital gains rules to something that the bitcoin community sees as a currency, and which in many cases uses as such. “This can’t be good for bitcoin”, said one commenter privately to Coindesk. ” If it’s not a currency, then how are you supposed to...