I'm not in America, but isn't capital gains tax only for long term ( > 12
months ) investments? E-Gold is not an investment it is a currency, and
trading profits or foreign exchange profits or losses are simply income.
Treat it just like Pounds Sterling, Euro or Yen, surely!
> -----Original Message-----
> From: [EMAIL PROTECTED]
> [mailto:[EMAIL PROTECTED]]On Behalf Of Samuel Mc
> Kee
> Sent: Friday, 25 May 2001 3:22 AM
> To: e-gold Discussion
> Subject: [e-gold-list] Capital gains
>
>
> Got a question for those running businesses, most especially those running
> E-Gold-only businesses. How are you handling the capital gains tax? Has
> anyone written any kind of specialized software to help with cap-gain
> recordkeeping in the E-Gold system? It seems to me capital gains
> calculations would quickly make E-Gold completely unworkable for a U.S.
> based business. Is anyone simply ducking the issue entirely (if so don't
> give your real name!) ?
>
<SNIP>
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