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Kat19d ago
Doing my tax return and I have to declare capital gains for every single time I paid someone in Bitcoin this year. That’s despite the fact that my overall stack is currently underwater, thanks to FIFO rules here in Finland. Desperate for a function like Strike offers in the US, where I could pay in euros but send Bitcoin to someone else. Even better would be tax rules that don’t make spending Bitcoin a tax event in the first place. πŸ™ƒ
πŸ’¬ 3 replies

Replies (3)

Troy19d ago
Expenses are considered a gain? And I thought US school systems were bad.
0000 sats
Diacone Frost19d ago
is it a real law to use FIFO? we have that too, but arguably I can proove that I spent certain coins and what was its cost. (actually, FIFO makes more sense here because we don't pay capital gains after 3 years)
0000 sats
The Daniel πŸ––9d ago
Forcing people to pay capital gains taxes for using money is stupid.
0000 sats