You Can Now Buy a Tesla With Bitcoin?
The Young Investors Podcast
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Buying a Car With Bit Coin
The i r s treats bit coin and other crypto currency as property. When it's disposed of, including when it's used to purchase goods or services, it's a taxable event. So this disible event might actually mean that the car itself may be substantially more expensive than if you just paid the equivalent amount of casha. And it might actually become quite complicated when you buy the tesle with your bit coin, because that is then triggers a capital gain and avent on the bit coin,. which might screw you over when it comes to tax.
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