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If you haven't sold, you won't pay any taxes on your principal.

However, if you earned interest or referral bonus, then that is taxable.

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Exactly what EY1said. Only thing id add is that if you swapped your BTC for another coin that’s technically taxable, from my understanding. If you just bought and have held then it’s no different than a stock irt tax

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The question on the 1040 about owning crypto has been reworded for 2021. IRS only cares if you’ve sold crypto.

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Thank you

So whats the conclusion:

No, do not pay to cointracker to generate IRS 8949 to hand to your CPA because it is not necessaey

Yeah never sold, exhanged for other coin, just held .....

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Nope. At least not until Taxing unrealized gains becomes a thing. But then maybe you’ll be able to write off unrealized loses.

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Anyone know good penny stock to invest in? I have some "play" money that I would like to invest in some good penny stocks.

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Curious to know what is everyone's target net worth and how old would you be before you decide to feel comfortable settling down or moving back to India?

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Quick poll time. How old are you and how much debt do you have? Credit cards, student loans, vehicle loans, mortgage loans, etc., etc.?

I'm 31
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I’m new to investments - my advisor in India asked me to start off with some corporate FDs and large cap mutual funds. Any thoughts, given the COVID scenario?

Hi all,

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Has anyone taken up the Personal Capital investment management service that they offer?

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What will be the inhand for this with proper taxation?

P.s: want to compare with another but fishbowl don't allow to add 2 images
I just shared that too a while ago.

Please help i think the gratuity is extra

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Kind of wild that I consider myself very lucky to make $175k a year at 26, yet I could barely cash flow the shittiest Manhattan apts without being stretched

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I max out my 401k and I have a decent emergency fund. I want to keep saving. From what I’ve been reading my next steps are an IRA and then a brokerage account. Questions:
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Hpw do I buy alt coins? Deloitte, a u tattooing?

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Accurate description of how most folks here view themselves

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Damn coinbase, I see you ;)

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