My accountant just told me I need the cost basis of every zap I've ever received "as a gift" so if ya'll wouldn't mind passing along that info, that'd be great. Lol...jk. The IRS is cooked.

Just let them deal with it @IRS

Can a bitcoin friendly CPA (assuming there are any on Nostr) riddle me this...? And please assume I'm a cucked normie who wants to pay taxes.

If I send a single 1 sat zap on Nostr, what are the tax implications of that single zap? Even if we assume a cost basis of $0, the gain would be far less than a $1 so do we even have to technically report it? Or do we report it with a gain rounded down to $0?

Now let's assume I've sent 10000 zaps, 1 sat each...what are the tax implications of those? Does each one individually round down to a $0 gain like in the original example, or are we supposed to take the sub-penny gains in aggregate and then round to the nearest dollar?

GM #nostr family.

I am writing my private quarterly memo for my hedge fund clients today.

Notable 2024 performances:

4. S&P 500 total return (including dividends): +25.02%

3. #Gold: +27.2%

2. #Bitcoin: +121.0%

1. Vailshire Partners LP hedge fund (unaudited): +194.8%

Here's to a solid 2025 for Bitcoiners and freedom lovers across the board!

** (Not a solicitation to invest. The fund is currently closed to new investors, who must be Qualified Clients.) **

Bitcoin always takes the path of most pain

Embrace it

GM

Buenos fugging dias amigos 🫂☕️🤙

Gm happy new year matt!