That is good news in relation to taxation, I'm in the same boat because when I spend my Bitcoin I understand I'm actually paying more than the listed price of SATs because I've then got to pay capital gains on top of that for "selling" the Bitcoin.
Baby steps I suppose.
Its a shame we haven't had any insanely progressive announcements this year though.
One thing that may help with cap gains is using HIFO or LIFO paired with a DCA strategy. That way the taxes will be very minimal since they will be the highest priced sats you have.
If you are putting more into Bitcoin continually still and your most recent amount converted can cover your expenses as quickly as you can replenish them, you shouldn’t ever pay large cap gains on your very long term holdings because you will be cashing out the highest cost sats or most recently acquired sats, first.
I’m not a professional. This is not financial advice. It is theory from a random on the internet. 🤷♂️
Its a good tip which I do already but I havent actually seen it, mentioned before in mainstream Bitcoin society.
Underrated.
