npub1gs90vr5h8scvfuf47apdc8szdcn92yhmv559ezwl0nd9tln3g3vsv4evp8 (npub1gs9…evp8)
Derp. The IRS rules on crypto have been in place for a few years. Every transaction must be accounted for, even purchases. It’s not cash, it’s not currency, it’s treated like a security. You need to account for the profit and losses when it leaves your hands.
If the IRS is knocking on your door, you better have your accounting right. And, the profit and loss needs to be reported in the quarter in which it was incurred, not at the end of the year. Best of luck to anyone spending Sats.
CoramDeo /
npub19p…9remm
2023-10-26 22:26:14
in reply to nevent1q…t75r
Author Public Key
npub19pljx5afprhkwtavktgalm0yqk8vplwp0p4unc77xvknd4097nlqg9remmPublished at
2023-10-26 22:26:14Event JSON
{
"id": "4498383bc975b3fccf8969f6f5140c83d9051ba4b8d638d3c8e6a24e2a897199",
"pubkey": "287f2353a908ef672facb2d1dfede4058ec0fdc1786bc9e3de332d36d5e5f4fe",
"created_at": 1698359174,
"kind": 1,
"tags": [
[
"p",
"440af60e973c30c4f135f742dc1e026e265512fb65285c89df7cda55fe714459",
"wss://relay.mostr.pub"
],
[
"p",
"eb101d20c39a4baaab5b6d790f09fa85fcd0408cd93e8c1c9798610f1d4bcaa3",
"wss://relay.mostr.pub"
],
[
"e",
"d1bdf3258a598a611c7a8d9d386e1fc59d88dac4c29b1e30e23bddfc6eed7cfa",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://noagendasocial.com/users/CoramDeo/statuses/111303666874777813",
"activitypub"
]
],
"content": "nostr:npub1gs90vr5h8scvfuf47apdc8szdcn92yhmv559ezwl0nd9tln3g3vsv4evp8 \n\nDerp. The IRS rules on crypto have been in place for a few years. Every transaction must be accounted for, even purchases. It’s not cash, it’s not currency, it’s treated like a security. You need to account for the profit and losses when it leaves your hands. \n\nIf the IRS is knocking on your door, you better have your accounting right. And, the profit and loss needs to be reported in the quarter in which it was incurred, not at the end of the year. Best of luck to anyone spending Sats.",
"sig": "b78afec45c14d881d49fd5ec78399368f0bbbc32f99332c2657664fb804db194e4dba99c04ca6a2112f52b995caab992908214294042a8a7c3cd9b7e7ac7a866"
}