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Replying to Avatar walker

The best part about spending #bitcoin you acquired at a higher fiat price is if the IRS ever comes knocking at your door for failure to report all those little transactions, they’ll soon find out that they owe YOU money.

Thus, spending sats in a “bear market” disincentivizes the IRS from future harassment. #science

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Craig Anthony, CFA 2y ago

Well you can only utilize $3,000 of capital losses to offset ordinary income if losses exceed gains….so not really a big deal.

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