4 Things Real Estate Lawyers Need To Know About Bitcoin
February 14, 2018
"4 Things Real Estate Lawyers Need to Know About Bitcoin"
Said Kordestani, tax partner at Farella Braun + Martel, commented on the tax liability issue landlords face when accepting bitcoin as payment for leases. He noted that he has had many calls about this over the past several months.
"Ten thousand dollars on Monday might be worth $5,000 on Wednesday. The IRS would tax you on the $10,000," Mr. Kordestani said. "None of my clients are renting [to clients who pay in bitcoin] unless they don't have a better offer."
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