I am relatively new to using Nostr and wanted to know if anyone had any advice on how you track zap records for tax reporting purposes.

I’m based in USA and the IRS FAQ on digital currency seems to indicate that Lightning based gifts are taxable when later used to pay for goods and services.

Source: Q3,Q14,Q27,Q31,Q32

https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

#plebchain #zap #nostr