For me I’m not worried about paying the taxes, I’m worried about the hassle of filling with individual sales for buying stuff or using fiat
I’ve been all in thanks to the nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3qamnwvaz7tmwdaehgu3wwa5kuegufe9k5 bill pay and it has been working out great. I no longer have to worry about keeping fiat for bills and can have it all in bitcoin.
If there are taxes, then that means I came out ahead. However, removing taxes on bitcoin would be incredible and it will happen at some point in the future.
Discussion
Good point. I’m letting Strike keep track of that for me. If you choose to report private Lightning payments then this program is helpful. Currently in beta.
Cool thanks, was it hard for you doing your taxes?
I’ll let you know next year! Haha. Started it in 2025 so didn’t have to worry about it this time. If you do everything at Strike, it should be straightforward since they give you the tax form.
