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- Jun 14, 2007
Haha i meant model s. Not the old Ford
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- Nov 7, 2013
How difficult is it to file taxes for crypto?
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With turbo tax not difficult at all. Coinbase provides downloadable spreadsheets and you just upload them.
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Coinbase pro an app or desktop only?
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- Oct 10, 2005
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Can't believe I chickened out when I said I would buy a full btc when it went down to 4k..... smh at me
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- Dec 3, 2009
Happens to the best of us....lol is not too late bro..
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- Oct 25, 2006
I didn’t have much but had some LTC and fraction of Ether that sat in Coinbase for 2+ years that I came close many times to just getting rid of to buy some shoes, but I held on and converted to BTC in November. Wifey was cleaning an old coffee table last year when we moved into the new place, found my Ledger, and was like “you still want this?” so I kept it, praying I can even find the damn code sheet somewhere in my old laptop LOL!
I still don’t know wtf I’m doing, stopped reading and researching 2 years ago, but I’m trying to set aside a little bit of time to learn more. Recommitted to do due diligence and hopefully build a decent portfolio moving forward.
I still don’t know wtf I’m doing, stopped reading and researching 2 years ago, but I’m trying to set aside a little bit of time to learn more. Recommitted to do due diligence and hopefully build a decent portfolio moving forward.
- 29,730
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- May 25, 2004
Buying and holding crypto isn’t taxable correct?
do you just pay capital gains on it or what when you take it out eventually?
do you just pay capital gains on it or what when you take it out eventually?
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- Sep 11, 2011
I think there’s a threshold you have to hit before it is? Not sure
But I also heard if you day trade a lot that is taxable
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- Nov 27, 2012
I did the same thing and I basically put all my BTC in VET years ago and just forgot about it. I bought when everything was high and was down bad and only in the past few weeks am I even close to where I started. That’s what is stopping me from adding anymore of anything right now. I want to add a little BTC each paycheck, but I worry that this bubble burst and I’m back down again if buying at these all time highs.
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- Apr 4, 2008
Dollar cost average over the next 5 years. Wealth isn’t built in a day.
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- Nov 25, 2003
Any advice for beginners ?? Im green still new, i have about 1k lying around.
any moves to consider, thanks in advance !!
Much luv, stay freshhhh !!!
any moves to consider, thanks in advance !!
Much luv, stay freshhhh !!!
- 1,898
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- Jan 16, 2013
Any advice for beginners ?? Im green still new, i have about 1k lying around.
any moves to consider, thanks in advance !!
Much luv, stay freshhhh !!!
Post right above yours in a nutshell. DCA every day ,week or month. Whichever you deem appropriate
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Coinbase will send u 1099 when gains over 20k (at least that's what they did in years past)
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XLM 
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Any advice for beginners ?? Im green still new, i have about 1k lying around.
any moves to consider, thanks in advance !!
Much luv, stay freshhhh !!!
bro ive seen you post multiple times in here over years saying you're a beginner and looking for advice. Are you even trying?
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New year, new him. Let bruh rock.
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How do you plan on avoiding the taxes?
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MM wallet using erc20 into stablescoin (dai is my choice). I then transfer my $$$ to bitpay visa card (which accepts BUSD now). By transferring the $$$...it never turns to "fiat" ....so talk to your tax man. Both my tax man and financial advisor strictly told me, "if you don't turn to paper/fiat or move to bank" then I don't need to see it.
Do I really need fiat $$$ to use throughout my life? NO. I'm good using bitpay debit card (funded by crypto). I've bought my pool, paid landscape, eat out and go on vacations...all using crypto gainz.
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i lol'd
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The token i mentioned above in previous post (xSNXa) doing great and biggest gainer in my port. DYOR
Also for reference, here are my "alt/moon" shot tokens. As you can see...heavily DEFI based.
DEFI at close to $20BILLION MARKETCAP NOW, and to me, there is plenty of GROWTH left. GL to all, keep stackin and mix in a little risk to acquire Generational Wealth. This upcoming bull run can make this happen for you if you play it right.
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I havent made 1 transaction this year either
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from what I read a while back, buying and holding is not realized so no tax event. but if you're trading or cash out then yeah its capital gains or loss tax.
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Important to state....BUYING and HOLDING.....and TRADING within a wallet you own can't be tax'd nor be seen if you do the proper setups.
