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0 sats \ 2 replies \ @Jestopher_BTC 11 Apr \ on: How do you prevent a taxable event by moving Bitcoin? bitcoin
  1. self-transfers are explicitly exempt from taxation.
  2. you are only obligated to report buys/sells (including purchases for goods/services) for Capital gains tax, not all transfers.
  3. the addition of Stablecoins to lightning is extremely important to inspire more bitcoin commerce in the US without the threat of capital gains tax reporting and audits.
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0 sats \ 1 reply \ @klk OP 11 Apr
Sure, but what about the transaction fee? That's a “sale”. As if you were paying for the miners service of updating the ledger record. Look, I'm not trying to the defend tax laws, just to find ways around them whenever possible.
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0 sats \ 0 replies \ @Jestopher_BTC 12 Apr
The transaction fee isn't a sale! It's a tax deductible loss.
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