ArtSetsYouFree on Nostr: If you live in the US and you “purchase” Bitcoin with fiat and then use that ...
If you live in the US and you “purchase” Bitcoin with fiat and then use that bitcoin to purchase goods you are required by law to pay capital gains tax on your use of that bitcoin. So you are taxing yourself unnecessarily. Also converting BTC to the lightning network is also considered a taxable event.
Published at
2025-06-12 22:06:48Event JSON
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"content": "If you live in the US and you “purchase” Bitcoin with fiat and then use that bitcoin to purchase goods you are required by law to pay capital gains tax on your use of that bitcoin. So you are taxing yourself unnecessarily. Also converting BTC to the lightning network is also considered a taxable event. ",
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