joe on Nostr: In the USA their cost basis is the dollar value the moment they receive it. It's non ...
In the USA their cost basis is the dollar value the moment they receive it. It's non KYC unless you report it. They will have to pay taxes on it as income the year they receive it and then on the profit when they sell it or spend it.
Published at
2024-04-25 14:10:42Event JSON
{
"id": "7f705a1018c7b7916743cc48ffb6b97356c6fa9711b475aefc9c5ea0a9031732",
"pubkey": "273d77da30025faa363e40b61155afc83d9bf76b77a937c23357f3fd92f85aca",
"created_at": 1714054242,
"kind": 1,
"tags": [
[
"e",
"72b531f95c86487e3aa8dc39162b85eda049904469195350d2f1daac1d703742",
"",
"root"
],
[
"p",
"2f02d76f09666ae076e65beb60ff195eb7f44b51c73147a6a37748bfabd60a7c"
]
],
"content": "In the USA their cost basis is the dollar value the moment they receive it. It's non KYC unless you report it. They will have to pay taxes on it as income the year they receive it and then on the profit when they sell it or spend it.",
"sig": "04e3b6f19d31fab76c165729c59a35c5c1f08f8a8d10bf60c30387c962eb88b99dfb36f840d6f6c569e07e49b09807ca185b55390c921fcabd1776c31b7d28c1"
}
