So now that Jack Ballers is going to connect us with almost every POS terminal in the US, how does the IRS actually find out if I've spent my BTC at any of these? Can they?
Do the lightning wallets report 1099's? Will the POS terminals report 1099's? Because I'm assuming they won't, we could spend our Bitcoin at places tax free correct? We don't need to wait for legislation. How does anything actually get reported that a taxable event occurred?
Edit: By "tax free" I mean avoiding capital gains tax. Obviously there's sales tax.
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