Replying to Avatar Veritas βœοΈπŸ‡ΊπŸ‡²βš“βš‘πŸ’Š

But every transaction is taxable for capital gains if you're an American. How do you propose handling that issue?

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Fiat Shenanigans 🀑🌎 2y ago

If you sell for dollars it's taxable. Not if you spend sats directly to somebody who accepts them. At least not yet. Don't sell. Spend. That's how we grow the Bitcoin economy.

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Veritas βœοΈπŸ‡ΊπŸ‡²βš“βš‘πŸ’Š 2y ago

That doesn't seem to be the IRS position:

https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

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Veritas βœοΈπŸ‡ΊπŸ‡²βš“βš‘πŸ’Š 2y ago

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