Quote:
Originally Posted by SnoopZ
Well my Doge went to the dogs last night after Elon Musk said something on SNL, he's the one that owns the most though.
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Tesla can write off any losses, unlike normal traders - they treat cryptocurrency as an intangible asset, don’t book any rises in price as gains until they sell them, but do recognise a loss if the cryptocurrency falls below the price at which Tesla purchased its allocation over an accounting period, even if the coins are not sold.
https://www.ft.com/content/364734d1-...f-c813c93062ab
Probably some tax shenanigans.