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I think yes, might be wrong but it's logical (logic and taxes don't always mix, so I may be wrong).

You bought Bitcoin at $1 and sell at $8000 to pay for a house, you need to declare income of $7999 for each Bitcoin at the end of the year or else...

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It makes sense, I guess the question is if there's language in the tax code for alternative payment sources. It's not unreasonable that someone could trade their car, and 300 shares in Google; in exchange for something of equal value.

If there is, it sucks because you're getting hit doubly for taxes on the item you're paying and the capital gains you'd be taking.

In USA even if you sold cocaine...or your mom, you need to declare it on income taxes. They might not catch selling cocaine but if they catch you with undeclared cash, they'll Al Capone you.

I'm almost certain that all countries have a catch all phrase to include any gains /income.

Not all countries have capital gains tax, so no.

At the same time capital gains on such a stellar return is pretty amazing problem to have.

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