The best part about spending #bitcoin you acquired at a higher fiat price is if the IRS ever comes knocking at your door for failure to report all those little transactions, they’ll soon find out that they owe YOU money.

Thus, spending sats in a “bear market” disincentivizes the IRS from future harassment. #science

Reply to this note

Please Login to reply.

Discussion

💜🧡

Capital losses, sure, don't mind if I do!

Tax loss harvesting ?cid=2154d3d7rp4x1t7w9doodr3b14kol1k970erbgqqu8qyh0sx&rid=giphy.gif

Derek I need to atone for Twitter sins again because I just RTed #[3]​ and #[4]​

But the good news is those sats spent are just more capital loss deterrents for the IRS! 😌

Good causes make it hard to stay away. I guess I owe another 10K because I streamed Cafe Bitcoin into Nostr Nests this morning since Producer Jacob was not available. I'll be paying that here shortly.

This is the way. Every report back to the pirates contains losses, stocks and otherwise. Lulling them into a sense of, “These aren’t the droids you’re looking for”

Who sane would sell at this prices? Unless you have to OFC.

Real

This is genius 🤯

Sorry, nothing disincentivizes those bastards...🤬

Well you can only utilize $3,000 of capital losses to offset ordinary income if losses exceed gains….so not really a big deal.

Your message is resonating with a lot of people.

Added to the https://member.cash/hot feed