Second largest US mortgage lender will accept crypto payments this year
1–10 of 139 posts
Re: Second largest US mortgage lender will accept crypto payments this year
#2Why?
Re: Second largest US mortgage lender will accept crypto payments this year
#3Why?
People with substantial amounts of crypto would like to be able to finance larger purchases directly in crypto without needing to liquidate into fiat first
Re: Second largest US mortgage lender will accept crypto payments this year
#4Why?
People with substantial amounts of crypto would like to be able to finance larger purchases directly in crypto without needing to liquidate into fiat first
Probably a stupid question and I'm guessing the answer is yes, but you would you still need to pay capitol gains on the increase in value from when you purchased it?
Re: Second largest US mortgage lender will accept crypto payments this year
#5lol. "we are investigating the feasibility and requirements" somehow means "this is totally happening soon"....okay...
Re: Second largest US mortgage lender will accept crypto payments this year
#6Why?
Better question - why not?
Re: Second largest US mortgage lender will accept crypto payments this year
#7Earlier quoted context omitted.
People with substantial amounts of crypto would like to be able to finance larger purchases directly in crypto without needing to liquidate into fiat first
Probably a stupid question and I'm guessing the answer is yes, but you would you still need to pay capitol gains on the increase in value from when you purchased it?
Yes, both the purchaser and seller would need to pay capital gains taxes on the realized appreciation in the digital asset and real property, respectively.
Re: Second largest US mortgage lender will accept crypto payments this year
#8Earlier quoted context omitted.
People with substantial amounts of crypto would like to be able to finance larger purchases directly in crypto without needing to liquidate into fiat first
Probably a stupid question and I'm guessing the answer is yes, but you would you still need to pay capitol gains on the increase in value from when you purchased it?
Even cryptocurrency x into cryptocurrency y exchanges are capital gains events, so cryptocurrency into real estate is absolutely one such.
Re: Second largest US mortgage lender will accept crypto payments this year
#9Will people using crypto to buy/finance houses need to provide documentation regarding the provenance of the funds as well as being in the clear around any tax declarations?
If not, there would likely be some who see this as a vehicle to clean up some holdings, depending on provenance.
Re: Second largest US mortgage lender will accept crypto payments this year
#10Earlier quoted context omitted.
People with substantial amounts of crypto would like to be able to finance larger purchases directly in crypto without needing to liquidate into fiat first
Probably a stupid question and I'm guessing the answer is yes, but you would you still need to pay capitol gains on the increase in value from when you purchased it?
Either capital gains tax or income tax, depending on how long ago you purchased.