How Does the Iris Work?

So i buy bit coin at x dollars. Remember the old days when it would consistently go up? I'm an id. Look, i know i der stayd how it works. And you use the magical r which is a taxable event. There's lots of things you can do that will cause taxes to be owned. The nastiest one is if you have a corporation or an entity taxed as a corporation,. If it gives you the bit coin, that's a taxible amount. So that doesn't apply to so proprietorships, but it does apply to corporations and i seen it cause profits.