Is zapping on Nostr a taxable event?
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Discussion
In theory
I could not zap you to find out.
Short answer yes.
Technically, goods sold at a yard sale or flee market is supposed to be sales taxed but nobody does it. Imo, This falls into that category or of technicality.
Just for shits I asked ChatGBT & Grok and got a similar answer:
I was unable to zap you or myself for some reason
Someone I met at a bitcoin camping trip said he treated zaps like gifts. Gifts should be tax-exempt as long as it's less than $14,000.
Buying stuff with bitcoin is more complicated. He says he uses fiat on Strike to avoid the paperwork. I don't like fiat, so it takes me lime 4 hours to do my taxes.
I hope the taxes get easier.
I'm not a CPA, lawyer, nor tax collector. This is not financial advice.
All of my zaps have been faked.
My accountant would be mad looking at my spreadsheet of zaps
If you decide they are or you decide they arenât, either way youâre right đ
Yesterday a guy claiming to be a bitcoiner told me âgood luck in prisonâ over not filing my zaps correctly. #bitcoin
the closest analogy is tipping.
nobody cares
Donât think there is any legislation that has passed on bitcoin but the IRS is treating bitcoin transactions as taxable events
You could probably fight it in court but itâs pretty unlikely that they would enforce it with zaps
Anonymity is an option as well