“ONLY ACEPTING BITCOIN,”
I wonder if a 1000 chicken, 25 cow and 500 sheep is acceptable bartering trade.
WAKE UP people
Bitcon is defined by the IRS as a commodity, just like Chinese pig iron ingots are a commodity or a barrel of oil. It is still legal to trade stuff, you just have to pay taxes on the difference in value once the IRS determines what that is.
Tax man will come a knocking and he ain't accepting BITCOIN
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Bull MarketLeader
$542,000. Wow must be quite the penthouse.
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John JensonLeader
I hope Bitcoin crashes right after they sell it.
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James DaltonLeader
Gee you think its drug money? Isn't Miami already been notorious for its real estate market and the laundering of drug money?
Besides that seems like too much effort, just get your tax work done in Boston, MA... I've never seen such horrific work yet they were so cavalier in what they get away with and it was a constant disregard for the law; the work that no half-educated person would seriously consider professional let alone competent. I mean seriously I wonder who in the hell they must have, who they paid off, and which mob(s) they must be connected to.
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1
For Sparta!Leader
That means the seller is avoiding his debtors or paying tax on transaction
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James DaltonLeader
For Sparta!
For Sparta!
How? I'm pretty sure in CA it's standard to issue a Form 1099-S and since Refin is a public company making noise... I'm pretty sure they ain't trying to help a couple of sellers.
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D. L.Leader
For Sparta!
For Sparta!
That means the seller is avoiding his debtors or paying tax on transaction
WRONG
The IRS has classified bitcoin as a commodity. The IRS will calculate the difference in value between the bartered items an TAX it.
Its going to get nasty, real-estate is a highly regulated industry.
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Stephen LawrenzLeader
From the locations mentioned that are most likely to ask for Bitcoins I would surmise that they are trying to avoid scrutiny from taxing authorities both in this country and in places like China and South America. I wish them good luck with that dream. Plus from the time this article was written to now they are $8000 worse off in USD by not accepting any other form of payment. You have to wonder how these people got so much money in the first place. ;)
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Frank BattagliaLeader
Think how this property listing on real estate sites, after it is purchased by bitcoin. No real estate site lists the value of a home in BitCoins...
This Bitcoin garbage is really becoming ridiculous....just like when the housing market was in 2007 before the real estate crash and the crash of the economy.
...See more
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Aaron HaynesLeader
Frank Battaglia
Frank Battaglia If the hackers can hack those 33, why stop there? Why even bother with the house?
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Michael CorlissLeader
The construction is probably made from solid balsa wood, just like the intrinsic value of the form of payment.
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Edward MooreLeader
The owners probably are hoping to avoid taxes, hide the money, or some such scam, or they are criminals. The government is going to be forced to deal with these bitcoin transactions much like States had to go after internet sales taxes. Only a matter of time until that party is over.