Posts
RE: Can I take a fiat loan and pay it with crypto revenue without incurring taxes?
25
@nealmcspadden
··
0 views
1 min read
In the US, loan proceeds are not taxable income. You could run into issues if you borrow a token that you then have to sell for something else, creating a weird capital gains situation.
If you borrow in stable coin and then convert that stable coin to fiat you should be fine.
Posted Using LeoFinance Beta