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876 sats \ 3 replies \ @siggy47 4 May 2023 \ on: Using Bitcoin has legal consequences bitcoin
Pack your bags and move to El Salvador. I'm only half kidding. I assume you're a US citizen. The tax laws differ in other countries. In fact, I'm considering a move out of the US myself for many reasons.
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108 sats \ 2 replies \ @kenn_b OP 4 May 2023
Hehe. If I was single without committments, I'd seriously consider it.
It is not just the US. Most countries in the western world have a similar type of law when it comes to taxing bitcoin. Of course, there are some differences, but the underlying idea that you report gains and losses is there.
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84 sats \ 1 reply \ @siggy47 4 May 2023
I was shocked to discover that my wife is on board. She brings it up more than me now!
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0 sats \ 0 replies \ @kenn_b OP 4 May 2023
Consider yourself lucky :). It goes over mine's head, however, I keep mentioning it here and there, and perhaps one day :).
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