El Salvador may have done a bigger favor for US bitcoiners than most realize

I'm not a tax professional or anything, but the fact that another country's official currency will soon include Bitcoin has potentially huge impacts for tax reporting in the United States. IRS code provides an exception to capital gains reporting for transactions up to $200 when exchanging dollars to a foreign currency. Whether the IRS modifies that exception remains to be seen, but if not, this will be one less impediment to using Bitcoin for daily purchases as well as an advantage that no other altcoin can claim.

submitted by /u/bj2183
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