Nobody wants to be Debbie Downer but I really have to know: How are you keeping track of your Zaps?
Everyone has to be aware spending any Satoshi's is a taxable event. It doesn't matter if it is a micro-transaction or not... The IRS Piper is gonna get paid. Something tells me auditors won't be happy with best guess answers.
Are you spending short term capital gains or losses? Long term capital gains or losses? Does this cross your mind ever, or am I the only one who worries about these things? Should we be keeping track of incoming Zaps as well and the market value of those Satoshi's on the day we receive them?
Can anyone enlighten me on how we are to keep track of 69 SATs, 123 SATs or some other popular amounts that are sub- $1 amounts? Who can point me to good information on this? Who/what has solved this problem already?
Gary Green
npub1fc…xjf3s
2023-04-17 04:18:46
Author Public Key
npub1fcjmlcnntcvhxugmv6hvv98fcr90e2j7m5dpgxca2dt583m2uygsxxjf3sPublished at
2023-04-17 04:18:46Event JSON
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"content": "Nobody wants to be Debbie Downer but I really have to know: How are you keeping track of your Zaps?\n\nEveryone has to be aware spending any Satoshi's is a taxable event. It doesn't matter if it is a micro-transaction or not... The IRS Piper is gonna get paid. Something tells me auditors won't be happy with best guess answers. \n\nAre you spending short term capital gains or losses? Long term capital gains or losses? Does this cross your mind ever, or am I the only one who worries about these things? Should we be keeping track of incoming Zaps as well and the market value of those Satoshi's on the day we receive them? \n\nCan anyone enlighten me on how we are to keep track of 69 SATs, 123 SATs or some other popular amounts that are sub- $1 amounts? Who can point me to good information on this? Who/what has solved this problem already? ",
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