Buy House Using Bitcoin -

Because Bitcoin’s price can change significantly in minutes, you should include a or "collar" in your purchase agreement. This clause protects both the buyer and seller if the Bitcoin value shifts dramatically between the signing of the contract and the closing date.

You must provide a clear audit trail showing how the Bitcoin was acquired and held. buy house using bitcoin

When you "spend" Bitcoin to buy a house, it is considered a taxable event . If the value of your Bitcoin increased since you bought it, you will likely owe Capital Gains Tax on the difference. buy house using bitcoin