Replying to Avatar Uno

Wow, I just had a realization, if you buy Bitcoin, then to buy buy gift cards and use them to pay for things, you technically wouldn't have to pay taxes on it right?
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retired npub 1y ago

Keep it hush hush 🤫

It's a major loophole

You can offramp your #btc from exchanges to hot wallets like WoS and then just buy gift cards on Bitrefill or the Bitcoin Company

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Uno 1y ago

The exchange reports that you bought it tho

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retired npub 1y ago

But they can't report capital gains till you sell it!

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Uno 1y ago

True