Use strike and from the home screen select option to “send cash” to a lightning wallet or on chain address.

The 🌽 never enters your possession and is sent directly to the second party at the USD value you select.

IRS cries harder. 🤙

Then again, see below.

Just embrace it 🫂 U.S. tax code has something like 1.3 million words. Be a good member of your community, help those in need, and don’t worry about reporting a 10 sat zap on Nostr.

A complex subject for sure! Especially since bitcoin is - like Nostr - cross platform. You might be “spending bitcoin” that you bought on Strike for $65k (capital loss) or you might be spending bitcoin on Strike that you acquired off Strike for cheaper years ago (capital gain).

There are incentives for the wallet apps to try to build tax optimized optimization software for their internal transactions, but there are also reasons why the wallets should let more optimized software empower the user to select the bitcoin that is being spent based on other economic activity (potential intrinsic desire to offset capital gains or losses from other asset classes with the same year.)

Most importantly, since it’s a clusterfuck currently we should be petitioning our governments to have no tax benefits/penalties on commodity losses/gains (especially on transactional level payments up to x amount equivalent in fiat) to attract money to your nation and become more prosperous going forward.

Merci mais il n'existe pas sur l'EU je pense !? Plus particulièrement en France même s'il y a Cash App *Square elles sont bizarres avec leurs règles des autorités des marchés, les banques utilisent le même système Binance aussi..ii y a un truc que je comprends vu les paradoxes. On aura l'occasion d'interagir dessus Boston . GN

This is an important and complicated issue.

I struggle with this a bit as well.

As it stands today, in most countries, each time you sell Bitcoin, also when you buy anything for Bitcoin or even zap someone, it is a taxable event.

At least that's my understanding.

This means our options are:

1. Ignore it, violate the tax code and hope they will not catch us or will not chase very small amounts, try to buy non KYC. But this is risky.

2. Attempt to report tax properly for every transaction. But this is impossible from a practical perspective.

3. Do not sell or spend Bitcoin at all. Until the government declares it as a non-taxable event, if ever. But then what about adoption?

What other better options do you see?

I'd like to be wrong on this.

But, like Saylor said, the moment they declared Bitcoin a commodity, it meant it cannot be "money" from the government or tax perspective. It can be a treasury reserve asset, a digital gold, great, but not money...