No, not only returning to fiat.
If you send peer to peer to another person, you need to reflect it in your tax statement. And for me it’s still unclear if you need to pay a capital gain tax or not in this case.
It depends how the taxman treats sending btc from one person to another.
Just imagine that you have 1 bitcoin and send 0.5 to me. If the taxman considers that you “sold” those 0.5 to me , then the capital gains tax can be a considerable amount and you will think twice if it’s reasonable.
keel / Keel
npub1l7x…jzaa
2023-07-31 17:40:36
in reply to nevent1q…kmsv
Author Public Key
npub1l7x3yvns649kwey8e3kkpc6a20eamf37f7yqkgt8r8x0eq8mql7qp5jzaaPublished at
2023-07-31 17:40:36Event JSON
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