Joshua on Nostr: I don't know if there's a tool to keep track of all the small buys. If you buy from a ...
I don't know if there's a tool to keep track of all the small buys. If you buy from a KYC onramp they should at least keep a record of your transactions and make it available at tax time. For zaps, etc. you would have to check the value at the time received and keep a record. Again, I don't know of any wallet or service that does this. The decision to report or not is left to personal convictions and applicable tax code.
The USD price is not recorded on chain, but you could use the block timestamp to look up the historical price at that time. It wouldn't be exactly what you paid, though.
Published at
2024-10-17 21:03:21Event JSON
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"content": "I don't know if there's a tool to keep track of all the small buys. If you buy from a KYC onramp they should at least keep a record of your transactions and make it available at tax time. For zaps, etc. you would have to check the value at the time received and keep a record. Again, I don't know of any wallet or service that does this. The decision to report or not is left to personal convictions and applicable tax code. \n\nThe USD price is not recorded on chain, but you could use the block timestamp to look up the historical price at that time. It wouldn't be exactly what you paid, though.\n\n",
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