For the US #bitcoin plebs: if you send $USD over lightning' using Strike (f.e. to another Strike user) you will not incur a taxable event. Correct? #asknostr
I have been thinking about this myself today… I hope it’s not but I think it might be. Definitely important to be on-top of this kind of stuff
If you're paying from your USD balance it would count as a buy and immediate sell for no gain or loss, so no tax. If you use your Bitcoin balance that has gone up in value since you bought it then it might be taxable.
I don't think so. I also don't think there is a taxable event if you swap stable coins to sats to dollars on Strike either, but the laws are designed by nocoiners who don't think about these things.