Hey Twitter, asking for a friend, if you get paid 10k in bitcoin but now that amount if bitcoin is 5k (these are fake numbers), how much do you claim on taxes?
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Replying to @jstnkndy
10k in income, -5k in loss from finance investments.
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Replying to @jstnkndy @andreasdotorg
Ok so I can use the loss in finance invest to offset some?
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Replying to @thedawgyg @jstnkndy
Your mileage may vary by country, but generally, this is how it works. If the BTC had doubled, that would have been taxable income, so only fair to deduct losses.
9:41 AM - 4 Feb 2018
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