Join Nostr
2026-01-24 19:54:09 UTC
in reply to

Karadenizli on Nostr: It's kinda the same deal if you have any other income other than bitcoin gains. ...

It's kinda the same deal if you have any other income other than bitcoin gains. Essentially you can sell without capital gains up to the limit of your total federal tax burden.

Say you owe 10k in taxes (from your fiat mine job).

Pay the 10k in bitcoin.

Use the fiat that you would've spend on taxes, to instead rebuy bitcoin.

You just increased your cost basis for free.