Amerifats - how are you complying with the new IRS tax code regarding crypto trades? It's my understanding trading cyrpto is nearly impossible now as every trade is susceptible to taxation. How do you keep track of your trades/taxes? Is it possible to continue using turbotax or will I need to hire someone?
Also, what's the story with Randall Lord? Dude was sentenced to 40+ months in federal fuck you in the ass prison for trading bitcoin. Claimed he had lawyers and CPAs working for him but the judge made an example out of him anyway, despite paying his taxes.
amerifat here. i just hold and cashout and repeat the process. easy tracking and reporting.
Thomas Long
>Brining up Randall Lord case
This is subtle FUD and you're a massive kike bootlicking faggot
Leo Hall
This. You forgot to mention the reason they are going to jail is because they were selling drugs and had an unregistered exchange.
Jace Lopez
Everybody uses bitcoin.tax or cointracking.info in addition to a CPA.
That's only way.
Dominic Johnson
Yes, his interview on YT did introduce some FUD. Wasn't aware of the drug selling and unregistered exchange though, will read more.
Liam King
I have never been this happy before for being brazilian. And bitcoin is 10-20% more expensive here, so more profit when i cash out.
Feels good man.
Brayden Perry
it's such a huge pain in the ass to sort this shit out correctly even with years of experience with excel, exchange .cdv files vary wildly in terms of comprehensiveness and quality. coinbase .csv exports are A FUCKING JOKE. use cointracking.info it is great but it still sucks ass and you will have to do a metric fuckton of manual corrections and entrys. coins sent between exchanges and wallets are a FUCKING PAIN IN THE ASS to track. if you have been on binance for 3+ months without exporting your trading info you are fucked. the reporting is so onerous that most people will not report... that's my conclusion. most shit for brains will be incapble of managing 6 open spreadsheets on multiple computer acreens.
Hunter White
Simple google search brings all of that up. Also they didnt report like 30k. Its not like they legally traded coins and reported it as best they could and still got fucked. Until someone goes to jail for reporting fairly I aint worried.
