Cryto Investors! What is everyone doing about their tax preparation???

Oh man after this bitcoin crashing plum made negative profits...that sucked...

There are programs out there's that can see all ur trades and tell you ur profit abd taxes. Goggle it

HODL

Dude have one of the crypto wallet tax Algo's do it for you. It accounts for long or short trades and calculates how much you owe. Its really easy you just give them access to your trading history through the wallets. It does not matter how many wallets either. Put them all in and it will calculate your taxes for you. They make it easy. [link to www.cointracker.io (secure)]

Taxes have taken all the romance out of it .Many are dumping .

Pay your taxes, Israel needs your money

No silly Goose you don't give them your private keys to send Crypto.

You don't owe anything if you stay negative!

Here's their security page. [link to www.cointracker.io (secure)]

I've read about some of those trackers, are you saying they will work for ANY exchange... even ones like Kucoin or Bitrue?

I've got about 6 different locations where I've made trades.

I was hoping someone has found a CPA or something like that to do the heavy lifting and sorting.

Since we are in uncharted territory with most of this, I have no idea HOW exact things need to be before triggering red flags.

For instance... buying tether with Dollars, then trading tether into another coin... When the tether price is like 1.02 or dipping below the dollar.... penny shit here and there.

Also, keeping track of coins that are staked... as in, when you get staking rewards daily and each reward is slightly different than the one previously, over months.... How to figure your cost basis correctly if you sold them all at one time.

My CPA says usually, it's 'first in and first out' with regards to figuring that out.... lots of 000.0000's to keep up with.

However, as anyone actually used a cointracker over several different wallets as I mentioned above? I'm certaily willing to look into it, but I don't want to spend alot of my brain power there if they really aren't up to snuff with all these smaller exchanges you have to use sometimes to get the coins you want.

There is no more legitimate government.

You are paying criminal foreigners to enslave you.

Tax that shit HARD.

Lost your Bitcoins in a boat accident.

Here's a good video about it, and this man can prepare your taxes - watch first so you understand.

[link to www.youtube.com (secure)]

‘Middle fingers up to uncle Sam’

-j cole

put 30% aside and wait for them to contact you, if ever.

I use Atomic and Exodus wallets and have several Crypto VISA cards with High daily limits.


I pay everything with those cards and just keep high balances in USDC or XRP & XLM. So there really is nothing to account for that is traceable.

My wallets and VISA cards are my bank and the Government does not have access to these.

*Keep your money out of the banks and you are good to go.

I even pay my monthly GLP subscription with a Bitcoin VISA