You can not gain or lose capitol by ordering something from newegg . This is fake news Capitol is considered usd only.
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You can not gain or lose capitol by ordering something from newegg . This is fake news Capitol is considered usd only.
If you order something from Newegg (who accepts Bitcoin now) and pay with Bitcoin, you absolutely do trigger a taxable capital gain or loss under the current tax treatment. You are deemed by the IRS to have sold the Bitcoin for USD dollars which is a taxable event (a capital gain or loss depending upon your basis) and then to have used the USD to buy the product. No fake news here, friend.