I'm going to choose privacy and outHODL the IRS on this one.
I don't plan on ever selling my bitcoin, and there will be no need to calculate capital gains on Bitcoin when the world is on a Bitcoin standard.
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Go for it! This may also just be my accidental way to force myself to never sell any. It's literally the IRS is going to put me in jail for not remaining 100% invested.
Anyone want a new house, new car, or have emergency bills?
The answer will be: do you want me to go to jail?
Yeah I'm curious about this. But suppose in the future the IRS requires exchanges to report every sale of bitcoin to their customers? Could that be possible? Even though you are hodling & incurring no profit or loss your bitcoin purchases will still be reported & you haven't provided them with your holdings. My guess is your strategy will be reasonably safe if you don't buy anymore btc starting Jan 1st when the new rules take effect. I could be completely wrong of course