I am relatively new to using Nostr and wanted to know if anyone had any advice on how you track zap records for tax reporting purposes.
I’m based in USA and the IRS FAQ on digital currency seems to indicate that Lightning based gifts are taxable when later used to pay for goods and services.
Source: Q3,Q14,Q27,Q31,Q32
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
#plebchain #zap #nostr
jitters1254 / Jittering Blender
npub12p…x6r3e
2023-11-15 02:30:22
Author Public Key
npub12p82gc4svdusfqdxacsnn8xec5lygcj8t6y6tek2g6p2y0u2p8rqlx6r3ePublished at
2023-11-15 02:30:22Event JSON
{
"id": "e1cf147cfc8e6d4edc51b54628c1e919aa58be16b273986ea9f8d64ddfa32fcc",
"pubkey": "504ea462b063790481a6ee21399cd9c53e4462475e89a5e6ca4682a23f8a09c6",
"created_at": 1700011822,
"kind": 1,
"tags": [],
"content": "I am relatively new to using Nostr and wanted to know if anyone had any advice on how you track zap records for tax reporting purposes. \n\nI’m based in USA and the IRS FAQ on digital currency seems to indicate that Lightning based gifts are taxable when later used to pay for goods and services.\n\nSource: Q3,Q14,Q27,Q31,Q32\nhttps://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions\n\n#plebchain #zap #nostr",
"sig": "b88fc8ed5801e2a37246752ac8d2206311ad24ab09d6d432a8d0aa92d191292e24fde4e9414188e8589214a29d067ac8f9e2740fde100cae1d33b78f95185ac2"
}