MultiversX Tracker is Live!

I'm looking at houses and thinking way too far ahead but I got questions for everyone that has done stuff like buying a house with crypto.

All Cryptocurrencies

by COINS NEWS 127 Views

I'm just starting to look so the more likely scenario is I get a loan now and if we're lucky I can pay it off early. But that gives me questions. Lots of them. I did some searching here too see what I could find but I didn't really see any questions that are currently on my mind.

So. Here's my list of curiosities. If a person takes 1 bitcoin as payment for a house is that taxable? Who would even need to pay taxes on that? What if I sell for usd then buy the house with fiat? I'm assuming that's a taxable event or could I avoid the taxes by moving that money directly into a house? Is there a sneaky way to get a house with crypto or pay off a loan and avoid taxes on the sale of the crypto? Can I even accept or pay with bitcoin for something like a house? What even is the best way to enjoy profits and avoid getting slapped around by the tax man?

I guess I'll leave it at that for now. Actually Using bitcoin for a big purchase seems possibly complicated so if anyone gas advice from personal experience feel free to share. I'm curious.

submitted by /u/ihatethinkingofnew1s
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments