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syntern on Sept 23, 2014 | parent | context | favorite | on: BitPay and PayPal

I see a few places where bitcoin is accepted as donation. How is that taxed if/when spent?

andrewfong on Sept 23, 2014 [–]

Not a tax lawyer, but assuming the donations are small and no one is trying to write it off on their taxes , I think it's treated as a gift. See http://en.m.wikipedia.org/wiki/Gift_tax_in_the_United_States.

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