dispose as defined here
https://www.irs.gov/newsroom/taxpayers-should-continue-to-report-all-cryptocurrency-digital-asset-income
What they don't tell you is that if an irs agent (during an audit) can't trace your BTC all the from the orignal purchase to the final sale then you run into trouble. When this happens then there is missing info, like a wallet that you might have used temporarily to transfer between wallets, a coinjoin, etc. Then you have to figure out and remember what you did years ago, for every transaction. Did this go to an exchange, come from an exchange, from exchange to exchange, etc? If you try and do your taxes you will see the tax software try and do this for you, but if you are a power user it simply geta it wrong. All of them get it wrong, and none of them agree the truth, neither will the IRS.
npub1ts…atmmg
2024-03-07 00:12:50
in reply to nevent1q…mxt4
Author Public Key
npub1tsrh6g3etzdahj0jgnvec86z0sqw7yhkcq9l578m4tyv8v5976yseatmmgPublished at
2024-03-07 00:12:50Event JSON
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"pubkey": "5c077d2239589bdbc9f244d99c1f427c00ef12f6c00bfa78fbaac8c3b285f689",
"created_at": 1709770370,
"kind": 1,
"tags": [
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"content": "dispose as defined here\nhttps://www.irs.gov/newsroom/taxpayers-should-continue-to-report-all-cryptocurrency-digital-asset-income\n\nWhat they don't tell you is that if an irs agent (during an audit) can't trace your BTC all the from the orignal purchase to the final sale then you run into trouble. When this happens then there is missing info, like a wallet that you might have used temporarily to transfer between wallets, a coinjoin, etc. Then you have to figure out and remember what you did years ago, for every transaction. Did this go to an exchange, come from an exchange, from exchange to exchange, etc? If you try and do your taxes you will see the tax software try and do this for you, but if you are a power user it simply geta it wrong. All of them get it wrong, and none of them agree the truth, neither will the IRS.",
"sig": "503680441937ad73aefc50264b1cd0964b2134b9ba80a4feb3be7a80da5d00ea24e53b706793eb8c6b239c894885cd86dab34c3dfaa95b09fcfb045be1c0b2af"
}