Quote:
Originally Posted by GGG
And we have discovered why Tesla allows you to pay in Bitcoin.
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My US tax law is rusty but I think it would be a capital gain on investment and definitely from an accounting standpoint it would be mark to marketed.
Edit - looks like Tesla is accounting for it as an indefinite lived intangible asset. So they wouldn’t recognize any appreciation but would impair it if it devalues. Pretty punitive.