post #1 of 1
Thread Starter 
IRS Guidance: http://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance
IRS Notice 2014-21 Document: http://www.irs.gov/pub/irs-drop/n-14-21.pdf

Quote:
Under the ruling, purchasing a $2 cup of coffee with bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of income for the coffee shop.

Discuss.

--
Edited by ALUCARDVPR - 3/26/14 at 1:22pm