SLP419 Matthew McClintock- UHNW Bitcoin Strategies
Stephan Livera Podcast
00:00
Is There a Capital Gains Tax on Bitcoin?
I don't think it's realistic to say that there will never be capital gains tax in the US on Bitcoin. If you and I are transacting in gold, let's say Bitcoin doesn't exist,. There would still be that very same gain recognition or loss recognition event. Every time we're swapping nuggets back and forth, we'd have to go to somebody who's going to establish value of that. And then whether we report it or not, we're going to have a taxable event. It's income to you, it's a capital gains event for me.
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