I'm considering doing a trial run with my tenants and let them pay some or all of their rent in BTC.
BTC isn't considered a currency so it's taxed as an asset under capital gains tax.
I can afford to keep some, if not most, of the rent in BTC and only cash out a small portion to pay the mortgage.
Each month, the tenant would visit a portal I have set up to pay their rent via BTC. They would pay the USD equivalent in BTC.
I would offer a discount to tenants if they pay in BTC to motivate them.
I would only turn what I need back into fiat to defer paying taxes on it immediately.
Things I'm not concerned about:
- The volatility of the BTC market
What are the tax implications of accepting an asset as rent?
When are you taxed on that asset?