Quote:
Originally Posted by mineistaken
Thats my point. If you wish you can declare your cash income and bitcoin income. But you post sounded that its better to pay cash because of taxes and declaring, while actually you should declare both.
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You really are very confused. Cash is not an investment tool. $1USD is still worth $1USD. There's no gain to be taxed.
That being said, that chances of the IRS busting you over a few bitcoins spent at a bar is pretty much slim to none.