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the owner still held Bitcoin valued over $500,000. Discuss the tax ramifications of using Bitcoins to the restaurant owner, to include the following: a. Back
the owner still held Bitcoin valued over $500,000. Discuss the tax ramifications of using Bitcoins to the restaurant owner, to include the following: a. Back in 2013, what amount would the restaurant owner have had to include in their taxable income? b. Back in 2017, if the Bitcoins that had been received in 2013 were the ones that were sold, what amount would the restaurant owner have had to include in income? c. In 2020, would the restaurant owner have a Bitcoin-related tax if he had not accepted any new coins and had not sold any old coins? You can explain your answer either in figures and math or in written explanation or in both. the owner still held Bitcoin valued over $500,000. Discuss the tax ramifications of using Bitcoins to the restaurant owner, to include the following: a. Back in 2013, what amount would the restaurant owner have had to include in their taxable income? b. Back in 2017, if the Bitcoins that had been received in 2013 were the ones that were sold, what amount would the restaurant owner have had to include in income? c. In 2020, would the restaurant owner have a Bitcoin-related tax if he had not accepted any new coins and had not sold any old coins? You can explain your answer either in figures and math or in written explanation or in both
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