Hey guys - How can I accurately calculate the capital gain tax amount for a crypto sell? Got doge at $.06 and am not sure how long I will hodl.

like
Posting as :
works at
You are currently posting as works at

(sell price - buy price) * number of coins = taxable gain

like

Does EY’s annual Tax Law Book not cover it?

Related Posts

I've got $130k should I put it in index funds or bitcoin?

likefunny

Would love some input on putting money into house renos, and whether they’ll be worth it in the long run. Thought this would be a good bowl for it.

First time homeowners. We splurged a little on the house and hope to make it a more long-term (10-15 year) place. It needed some upgrades and renovations, the biggest one of which is the kitchen. All in, we’re looking at around 90k for kitchen. It feels like an absurd amount of money, but all 4 quotes we got were around the same ballpark. Thoughts?

like

How do people feel about the current stage of the UK economy? Is it still a good time to move jobs? Will there be redundancies? Earlier reported further interventions by BoE with pension funds teetering

like

Just cleared $300k selling my primary residence and will move back into a house we used as a rental. Looking for investment recommendations with the $300k. Should we buy a business like a bar in a college town, buy a multi family property? Or break up the principal and invest into a mix of bonds/stocks etc?

like

what’s the ratio of equity/stocks to bond/fixed income in your Merrill lynch 401k plan?Do you make any modifications or just use recommended distribution? First job with 401k and not sure what to do!

like

What are the things to consider when buying a home for the first time? 🙏

I have close to 50k in savings for the first time in life. Have had a long history of debts and finally free. New to investing, any suggestions on where to invest in the current market. Thank you so much!

like

What credit cards do you guys have? I am cancelling the one I currently have and looking for options

funny

What do you all think of Snowflake's businnes, stock and IPO? It is database business and competition is heating up. Is this something good for / worth investing in? Maybe a long hold for 15 years? it reminds me when Googl went public at $68 / share. What other businesses(business model expansion) can it expand into?

like

I have no credit history and am just out of undergrad making ~$100k. Any chance of me being approved for Citi Double Cash or Chase Freedom Unlimited? Do I need to get a “starter” card to build some credit first?

like

Agreed to help a friend with their small biz finances since they're having a hard time making ends meet but aren't sure where the cash is going. Welp. Problem one: they're only using excel to track finances. And two, regularly uses business bank card for personal expenses since "sometimes it's easier to find than my personal debit." YA'LL. WHAT DO I EVEN SAY?

Ex-ACN Employee with question about ESPP-related line items on pay stub. I assume I'll need to know these if the day comes I sell and need to adjust the cost basis to avoid double tax.

Can someone please explain what the following are:
1. ESPP##TxbIncome: $XXX.XX
2. FracShareNonTax: $XXX.XX
3. NetShrDel##NoTx: $XXX.XX

like

A car accident a couple years ago resulted in shoulder surgery. I found out this week my settlement amount would be $80K+ (take home). I’m mid 20s + debt free already with a 50% savings rate. Having an internal struggle because part of me wants to enjoy some of it because of the pain that this chapter of my life caused me but then I realize how far ahead this can get me on me FIRE journey. Thoughts?
Disclaimer:Getting into a car accident is not *lucky* and my body will never be the same.

likehelpful

Anyone not planning on using their Delta Reserve bonus MQMs from spend on themselves? I am going to be a little short this year. :(
I'd be willing to work out an exchange of some kind 😋

like

What have y'all done with cards after you got the sign-up bonus, but it just wasn't worth spending more on the card? A few months ago, I cancelled my Marriot Bonvoy card because Bonvoy points are worthless compared to airline points on other cards. Any reason I should have kept it?

like

Do we know when is tuition due?

Please suggest some good banks for mortgage rates. First time condo buyer.

like

Do employees get discounts on buying apple Macs in amex?

like

Can someone help in telling me the take-home salary/month of the below structure after taxes?

Post Photo
like

Any recommendations for buying agents in Massachusetts?

like

More Posts

Hope everyone is doing well with new variant and new restrictions

Hello . I am 33 years old and my husband is 37 years old. Today, we found out that 2nd IUI treatment also didn’t work out. Any advice to make it successful?

like
like
like

What’s difference between Optum Labs and Optum Global Solutions? Is there any difference in pay for these two?
Optum UnitedHealth Group

like

Is notice Period negotiable in Optum?

like

Is it possible to have a 40 hr a week job in tax after leaving public?

like

Is it worth moving from Senior Consultant, Deloitte to Associate Level 2 in PWC (for management consulting)?

like

I’m close to making partner, but need to add about $150k ish to my book to really push me over the hump. I have a strong book already but feel for some reason my momentum has stalled over the last 6 months or so. What do you all do that you find really helps build your book, in addition to networking?

like

Taking my SHRM-CP exam on Friday. Any advise from those who have taken the exam?

like

Can you change jobs and transfer H1Bs before you get the visa stamped on your passport?

Headed to NYC this weekend, any recommendations for a great watch store (deals, open to pre-owned)? May pull the trigger on a santos or tank.

likeuplifting

I’m invited at Ferrari’s Corse Clienti at the Nurburgring, 5-6 July if I recall well and would love to invite someone from this bowl to come along. To be confirmed but I should be able to attend it

Post Photo
like

Hey.. Just want to know about working environment in CBA banglore, what about WFH and call :)

like

How’s everyone doing? How’s company morale?

like

How much does delivery hero pay senior software engineer in Berlin

like

Hey Amazon 🐠

Would love to get an opinion regarding flexibility for working parents at Amazon. I’ve heard quite a bit of negativity about working at Amazon, but wanted to get a broader perspective particularly about work-life balance for Sr Tech Product Mgr roles. I understand this is team dependent but the more insight/opinions I hear certainly helps.

Thanks!

like

Looks like I’ll be travelling for work for the first time soon (California). Got into consulting during the pandemic so this will be new for me. Any pro tips from more seasoned consulting professionals?

like

Can anyone share IBM pune office address?

like

Been only 3 days but I miss my BF 😢😭 why am I so needy 😂

like

Additional Posts in Everything crypto

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

like

If dogecoin continues to moon and miners don’t step up their game, someone’s going to 51% attack the network and start stealing coins

like

Binance is the next big one

Fantom Coinbase Pro listing imminent. Fantom mainnet supported on Coinbase wallet. 🚀🚀🚀

Post Photo
like

Coinbase is really going to offer DOGE but not VET? 🤦🏽‍♂️

like

What’s the best way to stake ETH without running a validator or triggering capital gains taxes? Once you stake every platform I’ve seen gives you a different kind of token to hold that can be exchanged 1 for 1 with eth (lido for example). As that would be a taxable event it would trigger capital gains.

like

Yikes. I really need a web client to type a response here. Just get on Coinmarketcap.com and start checking project websites and read project white papers. Start with the Bitcoin White paper and next do the Ethereum White paper. Maybe Golem, Siacoin, Filecoin, Stratis, Aeternity, BitShares, Patientory. That should be a good long weekend worth of reading.

Suggestions on blockchain/crypto conferences worth attending?

like
likehelpful

How to file taxes if you lose crypto because of your broker went bankrupt? Eg. I’ve had nano in bitgrail and they went bankrupt.

like

Anyone still buying TRX? What other options we have? AST , REQ, XLM?

Anyone affected by the binance hack?

Anyone have an activation code for STEPN?

like

Don’t forget tax loss harvesting. Sell and buy back; book the loss.

like

I know Bitcoin gets a lot of exposure but if you invested in Stellar or Ethereum over the last year, you would have a higher rate of return versus bitcoin. For any new Investors, you should definitely take a look at other crypto’s outside of bitcoin.

Im very bullish on Stellar and Ethereum as they have actual use cases. I don’t really believe in the bitcoin inflation protection use cases.

Good luck 🍀

like

Should I 1. pull out my crypto and wait for massive dip to buy in or 2. Hold and dollar cost avg in?

like

Quickest way to buy bitcoin online using fiat currencies without a lengthy verification process?

I have my coins in Celsius and Blockfi both. Initially I was going to keep them like this with the thought process in case one of the one of them goes down/bankrupt I won’t lose all of my holdings. But given that Celsius pays weekly and Blockfi monthly, I think in the long run celsius would yeild far more than blockfi.

Anyone done this analysis from investment returns and also risk/safety perspective?

likehelpful

Anyone have issues seeing their wire transfers enter GDAX? I submitted the transfer midnight yesterday, and still nothing. I have transferred before but a smaller amount..

Jeez mainstream media is blowing up BTC. I feel like this bowl has been so much more active with “how do I start” threads. I wish I’d paid attention to the membership # from 6 months ago.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.