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Question about a Tesla buying Bitcoin
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Boone & Crockett
Posted 2/18/2021 05:56 (#8841213 - in reply to #8839191)
Subject: RE: Question about a Tesla buying Bitcoin


BShauler - 2/17/2021 10:59

Tesla bought Bitcoin for a tax lose. If Tesla made 300 million in profits and their value of Bitcoin goes down $300 million they own no tax even without selling any Bitcoin coins. Either way Tesla comes out ahead.
Doesn’t work that way in investments. Would have to sell to book the loss. If what you are saying were true, Tesla would owe a crap ton in tax if they had to file today, even though they still hold the stock. Can’t have it both ways....
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