Topic: If Bitcoin is property are all bitcoin purchases in the USA now in fact barter? (Read 701 times)
March 26, 2014, 05:14:51 PM
I found something: https://www.youtube.com/watch?v=fvqkQvOWgeo
March 26, 2014, 01:55:12 PM
Property exchanged for goods or services in the USA is barter. Barter is taxable and reportable
http://www.irs.gov/uac/Four-Things-to-Know-About-Bartering-1
If that is the case can the vast network of barter clubs trade bitcoin , now property/goods in exchange for other goods and services?
http://www.barternews.com/mappage/
and here's a fairly good explanation of how barter exchanges work and what they aim to achieve
http://www.businessweek.com/articles/2012-07-12/using-a-barter-exchange-to-conserve-cash
and if we substituted the words "trade dollars" for "virtual currency" would it change the meaning substantially ( for the usa)
http://www.irs.gov/uac/Four-Things-to-Know-About-Bartering-1
If that is the case can the vast network of barter clubs trade bitcoin , now property/goods in exchange for other goods and services?
http://www.barternews.com/mappage/
and here's a fairly good explanation of how barter exchanges work and what they aim to achieve
http://www.businessweek.com/articles/2012-07-12/using-a-barter-exchange-to-conserve-cash
and if we substituted the words "trade dollars" for "virtual currency" would it change the meaning substantially ( for the usa)
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