CA on Nostr: Using Last In, First Out is a good idea to use as a Cost basis. I was told just to be ...
Using Last In, First Out is a good idea to use as a Cost basis. I was told just to be consistent.
Now, if I purchase anything that takes Bitcoin, like at the Conference , or my meat from K&C Cattle on the Oshi App (Sats back), I use Strike, so that the cash on Strike turns into Bitcoin on the other end using the Lightning Rails, so no tax event. All of my Zaps⚡️ are from Strike.
Hope that helps…
Published at
2023-06-20 22:57:56Event JSON
{
"id": "835c613527b69f73f291db07b6d6c887bd25c02877f2109679f42616a1cd74be",
"pubkey": "d8dbea912b5429d87601c150df16b054e87f07dd887e38e2bb159b4b4f32f594",
"created_at": 1687301876,
"kind": 1,
"tags": [
[
"e",
"f11b78d8b70b1de6a82a3e055ac732aa45299ce355f9fdfa0d1bac3d9b44721f"
],
[
"e",
"d8fa7c104acca2e18ca10ccf84a72847ad3151ca2850bad4b79b0e36047f953c"
],
[
"p",
"1e067bfb58820576df3daf7cb051d4411b80a0b8fa12fc253cd0ab41cf1a2069"
],
[
"p",
"9570d086b6ba4fcc46b11af72d02044fd931226b18748722ae6e6740eb2905e0"
]
],
"content": "Using Last In, First Out is a good idea to use as a Cost basis. I was told just to be consistent. \n\nNow, if I purchase anything that takes Bitcoin, like at the Conference , or my meat from K\u0026C Cattle on the Oshi App (Sats back), I use Strike, so that the cash on Strike turns into Bitcoin on the other end using the Lightning Rails, so no tax event. All of my Zaps⚡️ are from Strike. \n\nHope that helps…",
"sig": "9474f0871045d4faa7c3c8db335c616249f4720fe80f588c7408033558fa5e4fec267a18de0e998163d28dc81a90d18bf1afc9602a623f90b038a5a641dc5ca1"
}
