Replying to Avatar Silner

I don't thiink they could expect every small #lightning transaction recorded anyway could they?

As some of it would be offchain how would you provide evidence?

I think it's probably only substantial trades that matter.

Aside from that, was it #Japan that made a special classification for #crypto, not property or currency?
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GlitchyFren 1y ago

Technically it’s every trade, no matter how small. In the US anyway. Small gifts are fine but if you swap or buy stuff yeah that’s classified as a #taxable event here. The problem is with all that #KYC shit any kind of crypto movement is recorded. Now will they go after the smallest stuff? Prob not. On the other hand, it could be a great excuse to have you audited.

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