Nostr Web Client

Good question. You would use the account and routing number in your Strike app and provide that information to the biller. When the bill comes due, you pay those bills with your bitcoin.

Tyler 2mo ago 💬 1

I don’t know why I didn’t think of that. 🫡

How are you handling taxes? I know Strike will provide accounting information each month/year, but you are paying capital gains taxes if it goes up, correct?

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Discussion

Kyle 2mo ago 💬 1

Strike will provide a1099-DA for taxes during tax time. Yes, I expect to pay capital gains if I sell my bitcoin at a profit. But this is a good thing! It means you beat debasement at the time of sale. 😊

Tyler 2mo ago 💬 1

Does Strike show if you sold it at a profit on a 1099-DA?

Kyle 2mo ago 💬 1

I would assume so. I’ve only been with Strike for a couple months so I will know more during tax season next year.

Tyler 2mo ago

I emailed Strike this morning and confirmed that they will have a 1099-DA forms this year. 👍🏽