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I go to a restaurant with some friends. The bill comes and it’s in USD because of course it’s in USD. One guy puts down his card because he plays cc miles games
by bradleyjg 6y ago
I go to a restaurant with some friends. The bill comes and it’s in USD because of course it’s in USD. One guy puts down his card because he plays cc miles games and anyway the waitress doesn’t want to deal with multiple cards. He gets home, logs on to Venmo and requests my share from me—-in USD. I click accept, the money comes out of my bank account, which is in USD because of course it is, and goes into his Venmo account. That’s the last I ever have to think about it. There’s no 1099B coming.
Crypto makes this story much, much worse for very little gain.