What is Nostr?
Bill Cypher /
npub1qyx…mu7u
2024-11-21 16:16:31
in reply to nevent1q…ey6v

Bill Cypher on Nostr: Taxes if you do that sort of thing and live in a place that cap gains taxes BTC. Hard ...

Taxes if you do that sort of thing and live in a place that cap gains taxes BTC. Hard to dodge using KYC services like a debit card, the card company will narc you out to the IRS.

One big monthly conversion back to fiat to cover next months fiat bills is an alternative, only 12 taxable events to document. You need fiat inflation + your cap gains rate for that to be a good financial decision.
Author Public Key
npub1qyxlpj2gl6dt2nfvkl4yyrl6pr2hjkycrdh2dr5r42n7ktwn7pdqrdmu7u