Friendly reminder, a zap is a taxable event.

🤡 🌎

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Discussion

Good luck 😂

🤔

if i use a custodial wallet, can i can legally tell my government i don't own any bitcoin without lying, as i don't actually own it, the company does?

This makes my zaps... me measly moving someone else's sats, to someone else, saving me the taxable event as I never owned the sats moved correct?

Where's a lawyer when ya need one. 😅

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You must live in America, where lying to the government is a criminal offence.

"Land of the free" :-)

I am glad I don't. I have a non-custodial wallet which I lost the private keys to in a boating accident :)

🤣

We have to issue 1099s to everyone who has zapped us

Gifts aren't taxable 😎🤓

Capital gains 🤡

Your 1099Z is in the mail 📬

🫂