For me, spending bitcoin is more about the decision it makes me face: > Am I willing to ignore tax law in my jurisdiction? < If not, I then have to treat my every Bitcoin transaction as a taxable event, requiring me to know and document the cost basis for every sat, and self-reporting this on a complex and obscure tax form that is likely to raise red-flags and the attention of the tax authorities who demand and enforce capial gains regulation.

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What's the best locally run software to track and calculate this?
Hedraios's avatar Hedraios
For me, spending bitcoin is more about the decision it makes me face: > Am I willing to ignore tax law in my jurisdiction? < If not, I then have to treat my every Bitcoin transaction as a taxable event, requiring me to know and document the cost basis for every sat, and self-reporting this on a complex and obscure tax form that is likely to raise red-flags and the attention of the tax authorities who demand and enforce capial gains regulation.
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You could choose Monero for your spendings. But instead you choose inactivity in the hope others will fix the system for you.