Perfectson
Banned
From what I understand, we get taxed every time we buy or exchange coins. For example. Fiat to coin, tax. Coin to other coin, tax. Purchased coin and the trip back to Fiat is taxed at every step as well. The new rule was implemented to prohibit the one tax once you cash out.
Where did you read that? I haven't found any thing in the irs tax site that says that. Not saying you're wrong, just seeing what source it is. That would be crazy, if it was a sales tax I could see that but to charge capital gains tax on a purchase of a commodity doesn't sound right