BINGO!
On Wed, 20 Dec 2000 14:06:17 -0600, Craig Haynie wrote:
> > Maybe you should consider tracking your transactions in grams instead
of
> > dollars.
> >
> > If you are basing your business on E-Gold, then you should be using
grams
> as
> > your base currency. The dollar value of your transactions becomes
mute.
>
> I think you're missing the point. At the end of the year, you are going
to
> have to compute the capital gains tax on each transaction. If you are
liable
> for US taxes, then you have to keep a record in US dollars. The dollar
will
> only become 'mute' when the IRS accepts gold as payment, (or the capital
> gains tax is eliminated :) )
>
> Craig
>
>
>
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