A Nation of Bitcoin Scofflaws: The two-pronged Eleventh Hour IRS squeeze on Bitcoin and crypto developers
my quick take in nostr:npub18vj0xgawt60nhu3qdt7caqnt0txmw9atdtmaycec7s8yd9puj4zqtmws2a on the broker-dealer rule for DeFi and the so-called "safe harbor" tax rule that is confusing the hell out of everyone
Very good work nostr:npub15dnln6cukw3yrflnv3hnrntdt9amh0uw466u6tns05ymqp3nal4qzz3lfc. Please accept my #zap and good luck figuring out the cost basis. 🫡
Do not comply with the enemy
The best way to actually fix this would be a simple one page bill, granting de minimis exemption to all bitcoin transactions below $50,000.
nostr:note13lamvg7kjx0sq990tp3xumr7wgdahxqhvelzck58qs5wppc8kwxs82cppc
Good article. Sounds about right. I doubt a de minimus exception would ever be that high, but having one would certainly make sense and bring Bitcoin a little closer to being treated as legal tender.
