MedWellAI Inc (MWAI)

[Strategyone]

Ah, so on CNBC they claim some people are not aware of paying capital gains on crypto?

I am fully planning on it but there is a somewhat of a dilemma that allows some ability to get around it.

For instance, say you purchase some bitcoin. Then move it to a hard wallet (trezor for example). Then a year later, after a substantial gain, you use your trezor wallet to pay for an item (let's say a Tesla car for example). When this type of transaction occurs, it will make it hard for the IRS to track.

On the other hand, if you buy and hold your crypto in ANY US exchange, every transaction is reportable to the IRS so you can't really avoid it if you leave it on exchanges.