Nostr Web Client

No, sir. Those are discreet taxable events and you must account for when you purchased those 21 sats, how long you held them for, and the cost basis at the time you spent them.

Derek Ross 2y ago

it's a good thing i DM everyone that zaps me for their Tax ID then. gotta keep them records straight.

Reply to this note

Please Login to reply.

Discussion

The Daniel ⚡️ 2y ago

Please fill out this form for me so I can send you a 1099 in March.

Derek Ross 2y ago

🤣🤣🤣

marventus 2y ago

You see, if you used X you wouldn’t have to bother asking. The platform would know it already.

Derek Ross 2y ago

Ouch. 🤣🤣

The Daniel ⚡️ 2y ago

Reminds me of one of my favorite old tweets, but I don’t know who authored it:

“I just taped a Bitcoin paper wallet to a frisbee and threw it back & forth with friends for 10 minutes. Technically 50 taxable events?”