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21 sats \ 1 reply \ @LowK3y19 11 Dec \ on: Thoughts on using Strike to pay bills bitcoin
So do you have to take note for taxes when you pay your bills? Or does it not count as selling cuz it’s still as fiat when it hits the account?
Depends on how you pay bills using Strike. You have the option to solely pay using Bitcoin. If you pay using Bitcoin, that counts as a sale and that creates a taxable event.
However, if you pay using fiat, then that's not a taxable event.
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