IPTV with Bitcoin

Jmac2020 · August 28, 2022, 9:18pm

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?

Jax2 · August 28, 2022, 10:13pm

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

Jmac2020 · August 28, 2022, 10:17pm

Yea brought the bitcoin with money from the bank.

TP-Dracoo · August 28, 2022, 10:41pm

Then dont worry about it.

MarkxG · August 28, 2022, 10:44pm

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

TP-Dracoo · August 28, 2022, 10:45pm

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

system · September 4, 2022, 9:19pm

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