neon

5y

fr

whatever i look up about crypto says you can do it these 3-4 ways, makes it confusing

0

5y

(too late; didn't report)

neon

5y

fr

whatever i look up about crypto says you can do it these 3-4 ways, makes it confusing

ragedsycokiller

5y

Can't wait to worry about my this s*** when I make big trade moves involving gas fees.

neon

5y

i already filled for an extension on my taxes

i keep saving usd and i have been calculating it roughly but tokentax has no support for none ethereum stuff so im just missing all this profit on avax, fantom & solana

they said it's going to be ready by march hopefully, might use a different service if there is one that pops up

or maybe just calculate it in a spreadsheet

0

5y

(too late; didn't report)

neon

5y

i already filled for an extension on my taxes

i keep saving usd and i have been calculating it roughly but tokentax has no support for none ethereum stuff so im just missing all this profit on avax, fantom & solana

they said it's going to be ready by march hopefully, might use a different service if there is one that pops up

or maybe just calculate it in a spreadsheet

ragedsycokiller

5y

Damn, I've only been trading on gemini and thankfully they got reports that I can use for my taxes. I've been holding usd since Feb when I cashed out from Robinhood last year.

orangetcovid

5y

man this what I don't want to go through. So coinbase and others don't send tax forms like fidelity and the rest do? cause if not imma just have to take my chance and not report it

orangetcovid

5y

man this what I don't want to go through. So coinbase and others don't send tax forms like fidelity and the rest do? cause if not imma just have to take my chance and not report it

neon

5y

yeah using an exchange makes s*** easy but i wouldn't be up on as many things so at the end of the day i feel it's worth it

orangetcovid

5y

man this what I don't want to go through. So coinbase and others don't send tax forms like fidelity and the rest do? cause if not imma just have to take my chance and not report it

worldpeace

5y

Holy f*** it’s December tm

neon

5y

yeah it's just for Defi stuff you gotta figure it out or if you start trading offshore lol

but the returns are much better in Defi so I keep moving forward trying new chains

orangetcovid

5y

man this what I don't want to go through. So coinbase and others don't send tax forms like fidelity and the rest do? cause if not imma just have to take my chance and not report it

donalddrumpf

5y

I have some gains and some losses on defi, no clue how to report this crap lol

Say you want to cash out, how do you prove to the irs that the money you sent back to an exchange to go to usd and then to your bank isn't a gain and not a loss?

Hard to show cost basis

duck fr

5y

bat is horse s***

neon

5y

I use tokentax it ties everything to the transactions on chain so if you ever needed to prove everything you'd have the link to the explorer but yeah it's definitely kinda just every man for himself

also yeah you gotta account for inflows from exchanges it's all a hassle

terror

5y

IRS can go f*** themselves. Disrespectfully.

I’m still paying those taxes tho.

neon

5y

I use tokentax it ties everything to the transactions on chain so if you ever needed to prove everything you'd have the link to the explorer but yeah it's definitely kinda just every man for himself

also yeah you gotta account for inflows from exchanges it's all a hassle