graffiti's avatar
graffiti 1 year ago
I just want to point out that the IRS will make believe that every satoshi going out of your wallet, is a capital gain, and every satoshi that is received, is income, effectively causing the value transmitted to be worth only ~50% of what was sent after they come after you. KYC is a bitch. Be careful out there.

Replies (2)

PL's avatar
PL 1 year ago
Never heard of that. They don’t treat utxo as dollar bills? I pay you $14 with a $20. You have $14 of income and I get $6 of change. Not $6 of income and you $20.
graffiti's avatar
graffiti 1 year ago
IF, and only if, their chain analysis software can trace your ownership in that way. That will not be the case in a payjoin transaction as far as I can tell.