chriso on Nostr: ODELL you know that’s another area of the US Tax Code that needs to be fixed. Since ...
ODELL (npub1qny…95gx) you know that’s another area of the US Tax Code that needs to be fixed. Since a donation of #bitcoin is not the same as a security (and we don’t want it to be), any donation of bitcoin in excess of $4,999 fiat dollars requires a qualified appraisal to be attached to the income tax return. Seems silly, but that’s what’s currently required.
Published at
2023-12-20 17:23:27Event JSON
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"content": "nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx you know that’s another area of the US Tax Code that needs to be fixed. Since a donation of #bitcoin is not the same as a security (and we don’t want it to be), any donation of bitcoin in excess of $4,999 fiat dollars requires a qualified appraisal to be attached to the income tax return. Seems silly, but that’s what’s currently required.",
"sig": "1a54dcff37b259c6065d32b2b89f560951257798f828ad5cbe58bdba6817b70b34cdad89cdc99ff94a1238aec3a36bcc5fc8ebd74b19cf4fa29f065a6b549328"
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