Gentle taxes reminder for US Citizens living in the US and abroad

You only create a taxable event when you sell Bitcoin for another asset, be it fiat or anything else.

Buying, storing, transferring Bitcoin to another address that you own DO NOT make a sell event.

Again, moving and storing your Bitcoin is NOT taxable.

I see confusion from time to time on this and I know the thought of taxes can be scary, so please let this post put your concerns at ease if this was unclear to you previously.

submitted by /u/stringings to r/Bitcoin
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Quelle: bitcoin-en