Global Feed Post Login
Replying to Avatar Hedraios

For me, spending bitcoin is more about the decision it makes me face:

> Am I willing to ignore tax law in my jurisdiction? <

If not, I then have to treat my every Bitcoin transaction as a taxable event, requiring me to know and document the cost basis for every sat, and self-reporting this on a complex and obscure tax form that is likely to raise red-flags and the attention of the tax authorities who demand and enforce capial gains regulation.

Avatar
Filou 1y ago

If you’re worried about a ‘taxable event’ every time you spend bitcoin, you’re doing it wrong.

Reply to this note

Please Login to reply.

Discussion

No replies yet.