Wouldn't it be treated as depreciation, which typically has limits? | Hacker News

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uptown on March 25, 2014 | parent | context | favorite | on: IRS Says Bitcoin Is Property

Wouldn't it be treated as depreciation, which typically has limits?

jstalin on March 25, 2014 [–]

Unlikely, bitcoin isn't something you'd capitalize (and depreciate) because there's no clear "lifetime" to the asset.

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