My accountant going through my Nostr zaps like
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🤣🤣🤣 is it that time of year again?
😂
they are all outgoing gifts under the annual limit. here...
The ATO literally expects me to keep a record of each individual zap I receive and send, the value in Australian dollars at the time I receive and send it, the full legal name of the person I send it to/receive it from.
Not even gifts or donations are safe in Australia from the tax man
Haha as I started using BTC more and getting used to BTC lightning I had that exact thought haha.
😂
That zap I just sent you will cost more in accountant consulting fees than they’re worth. But at this point I’m sure it’s just throwing a twig into a forest fire.
Lynn's accountant is like focused on received zaps. not sure about Egyptian taxes.
Tax office: what’s the zap?
Me: well, I put like 2500 sats that I spent giving money to every meme I found and—
Tax office: do you have the receipts?
Me: well no, NOSTR either LN uses off-chain transactions and since I use my own channel and didn’t close yet I don’t ask any receipt but someone gave me 2500 sats for an article and then I sent that through Boltz and converted on-chain and lost the key.
Tax officer: Can I have some money now?
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I’ll be sending you a 1099 for the zaps I sent you this year
#valueforvalue
Tell your accountant Trump is making America the crypto capital of the world, so it doesn’t count!
I just zapped 1 sat. Can he or she confirm that it came through? I'd like to issue an accurate 1099.
All zaps are gifts 😀
Hopefully we get no tax on payments soon 😎
My accountant will be in touch shortly
#durp
Those are some big fucking zaps
U BetTa p@y UR t4xxes
🚨 Bingo @Lyn Alden ! People wonder why government rules feel like they’re squeezing us tighter every year? It’s INFLATION EROSION! Policies set with fixed $$ amounts—like Trump’s proposed $600 crypto exemption—get totally skewed over time. Without auto-adjustments, they hit WAY more people than intended. 😤💸
Remember the original 1913 income tax brackets? Started at $3k exemption with top rate 7% over $500k. But no inflation indexing meant “bracket creep”—folks pushed into higher taxes just from rising prices, not real wealth gains. Middle class got hammered! 📈🚫
Same BS with the $10k cash rule from 1970. Travel or transact over that? Report it! But $10k back then = ~$80k today. Now it snags everyday stuff, invading privacy & adding red tape. Pure policy drift! ✈️💼
For crypto: That $600 de minimis could shrink to peanuts in real value fast, killing innovation. Lesson from econ history? INDEX EVERYTHING to CPI from day one! No more stealth taxes.
#InflationTrap
😂 ✌️ 💜
tenths of a penny
#P2PFTW
that’s the reason why I don’t attach a lightning wallet. It‘s practically illegal.
Logical only from the existing system, whilst also considering Bitcoin just an investment for fiat gains.
Cosa Nostr !
Be careful and avoid boats!
i would appreciate if another entry on the ledger occurred.😁
Zaps are a GIFT, not a FEE and are exempt (up to $18,000 per person) under IRS code.
Grammar saves money! #Trivium
gift
/gĭft/
noun
Something that is bestowed voluntarily and without compensation.
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I remember when I ran a lightning node and I had to figure out how to figure out my "income" as routing fees.
Then I asked the accountant if I should add them up and round up or round to the nearest etc.
They said keep them separate and round to 0.
0.00
0.00
0.00
0.00
0.00
0.00
0.00
There were two pages of this. 😅
I’m grateful that you’re highlighting this, @Lyn Alden
@primal and @miljan could easily fix this problem for you if they prioritized this Github-issue which was filed March 5th 2025.
“Export zaps / transactions for accounting and tax reports #149”
GitHub
Export zaps / transactions for accounting and tax reports · Issue #149 · PrimalHQ/primal-ios-app
Summary It would be a useful feature if it was possible to export all transactions / zaps for the integrated Primal wallet, in both csv and pdf-for...
The accountant is very thankful and happy with the work #nostr #zaps give him. In a few years we’ll have an AI for that. 🥸😬
Whoever uses that product likely will never be able to wash the taste of boot from their breath
There will be tears 😂
LMAO