Subnostr

I've seen it, but the biggest issue I'm working to solve is the tax implications in the US. The whole FIFO thing and keeping track has been tough. Looking for software to address the issue. Also the problem (a good one to have) of having a lot of extra fiat from my job. Beyond ideology, it makes little sense to not just use it first and then put the extra into Bitcoin. Fees are high at that.

Lucid 2y ago

I don't think it's a taxable event buddy because you're not selling your bitcoin. You're buying a gift card with your bitcoin.

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Discussion

Matt 2y ago

I think the only event that isn't taxable on my end is donations. Essentially, any event in which I don't receive value in return for the Bitcoin.

I'd abolish the IRS if I had my way, and maybe Bitcoin will help achieved that some day. For now, I have to pay the racket.

Lucid 2y ago

By threat of violence. It's terrorism.