How is it that you get taxed paying with bitcoin? For example, let's say I bought 1 BTC (even if it's KYC) but then secretly spend 0.5 BTC on something. If I say I haven't touched my BTC, then in theory I could delay paying taxes until forever, or you're supposed to pay taxes yearly even if you don't sell?
How is it that you get taxed paying with bitcoin? For example, let's say I bought 1 BTC (even if it's KYC) but then secretly spend 0.5 BTC on something. If I say I haven't touched my BTC, then in theory I could delay paying taxes until forever, or you're supposed to pay taxes yearly even if you don't sell?