a person who say holds 100 bitcoin and a few times bought items with bitcoin under $100, a $80, $60 and $10 purchase for a total of $150.
If the bitcoiner bought the items when the price was $1000 and he bought the coins at $100 he would have bought $150 worth of stuff but his cost basis was just $15 so he has a gain of $135 that tax is owed on.
Will the IRS go after that?- maybe just to learn more about the blockchain. and perhaps to harass bitcoin users.
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