Crypto
I have a business where I purchase items from people and sell them on Amazon. Amazon gives a 1099k form at the end of the year. When I buy items, I pay people via ACH transfer or a third party platform like CashAp. Many people are interested in crypto payments. Would I be able to pay people with crypto and put the transactions on my taxes as a write off? I know I can use receipts for ACH and CashApp to put on it to lower the profits, for example I pay someone $100 for an item and sell the item for $200, and put the receipt on my taxes so I only made $100 instead of $200, could I do it with crypto? Thanks.
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