kingshrubb@lemmy.ml to Microblog Memes@lemmy.worldEnglish · 3 months agotrickle notlemmy.mlimagemessage-square88fedilinkarrow-up1897arrow-down16
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minus-squarekn0wmad1c@programming.devlinkfedilinkEnglisharrow-up1arrow-down1·3 months agoYou don’t pay taxes on unrealized gains
minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up1arrow-down1·3 months agoWhen you use it as collateral it’s a realized gain and should be taxed the value of the collateral.
You don’t pay taxes on unrealized gains
When you use it as collateral it’s a realized gain and should be taxed the value of the collateral.