486 sats \ 4 replies \ @WeAreAllSatoshi 18 Jul 2023 \ on: What is your main reason for not paying with bitcoin? bitcoin
Taxable event
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31 sats \ 1 reply \ @ewok 18 Jul 2023
exactly. if the bill passes where purchases under $200 are tax free, I'll be using it daily wherever accepted
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10 sats \ 0 replies \ @WeAreAllSatoshi 18 Jul 2023
Thank you for mentioning this. I was not aware.
I found this article that explains it: https://www.coindesk.com/policy/2022/02/03/us-lawmakers-reintroduce-bill-to-provide-tax-relief-for-small-crypto-transactions/
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21 sats \ 0 replies \ @SpaceHodler 19 Jul 2023
Only if your coins are kyc or the merchant knows your identity.
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0 sats \ 0 replies \ @aoeu 19 Jul 2023
I rarely find places that accept bitcoin (yet) but if I do I get around the taxable event issue by using Strike. This goes straight from USD to their lightning address so there is no taxable event on my side. Also, prevents me from using my own bitcoin, though if I do that I just spend and replace.
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