Well, IMHO, it is not a taxable event because it's just a multisig peg between btc and lbtc. Traditional alt-coins are not pegged like this. Of course the IRS would consider anything they can't trace with chain analysis from the original buy to the final sale as a taxable event.
It's more about, don't get audited rather than don't tell them. Easier said than done as you have no control over this.
gribble
npub1ts…atmmg
2024-03-12 19:31:07
in reply to nevent1q…aayh
Author Public Key
npub1tsrh6g3etzdahj0jgnvec86z0sqw7yhkcq9l578m4tyv8v5976yseatmmgPublished at
2024-03-12 19:31:07Event JSON
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