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Replying to Avatar frphank

Afaik capital gains taxes only apply when you sell an asset where which in government terms means selling Bitcoin for fiat. But that's not what you want you want to pay for things.

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Kendy 6mo ago

This is incorrect for USA/IRS

https://cryptotaxcalculator.io/us/guides/bitcoin-capital-gains-tax/?utm_source=perplexity#:~:text=As%20discussed%2C%20spending%20BTC%20is%20essentially%20the%20same%20as%20selling%20it%2C%20at%20least%20in%20the%20eyes%20of%20the%20IRS.

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frphank 6mo ago 💬 1

Do you have a first hand source? Like directly from the IRS?

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Kendy 6mo ago

No. I’ll fetch it for 100 sats

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