Can a bitcoin friendly CPA (assuming there are any on Nostr) riddle me this...? And please assume I'm a cucked normie who wants to pay taxes.
If I send a single 1 sat zap on Nostr, what are the tax implications of that single zap? Even if we assume a cost basis of $0, the gain would be far less than a $1 so do we even have to technically report it? Or do we report it with a gain rounded down to $0?
Now let's assume I've sent 10000 zaps, 1 sat each...what are the tax implications of those? Does each one individually round down to a $0 gain like in the original example, or are we supposed to take the sub-penny gains in aggregate and then round to the nearest dollar?
w_s_bitcoin / Wicked
npub14u…8ez89
2025-01-09 17:31:04
Author Public Key
npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89Published at
2025-01-09 17:31:04Event JSON
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"content": "Can a bitcoin friendly CPA (assuming there are any on Nostr) riddle me this...? And please assume I'm a cucked normie who wants to pay taxes.\n\nIf I send a single 1 sat zap on Nostr, what are the tax implications of that single zap? Even if we assume a cost basis of $0, the gain would be far less than a $1 so do we even have to technically report it? Or do we report it with a gain rounded down to $0?\n\nNow let's assume I've sent 10000 zaps, 1 sat each...what are the tax implications of those? Does each one individually round down to a $0 gain like in the original example, or are we supposed to take the sub-penny gains in aggregate and then round to the nearest dollar?",
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