IPTV with Bitcoin

Hey am new here and had a question about buying iptv with bitcoin. I was wondering do you have to put that on your taxes?


Didn’t you already pay taxes on the $$ you purchased the bitcoin with??

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Yea brought the bitcoin with money from the bank.

Then dont worry about it.

If the price of the bitcoin you sold to pay for the IPTV is higher than what you bought it for then yes Technically you would have to pay taxes on that as you sold for a Gain. Most of the major Bitcoin exchanges will have your tax forms just like the traditional brokerages. I know Coinbase does this. But I’m not a CPA so YMMV

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Which really defeats the purpose of anonymous payments with encrypted payments.

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