Who got destroyed by capital gains this year? My entire tax return went to CG and I still owe the fed a K

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

How are you reporting taxes , I reached out to HR block and liberty tax people. They have no idea for how to report the crypto taxes. They want to take my case as a learning curve. I am doubtful ... what to do ? Any suggestions

like

Haven't filed yet. Still mulling over whether to disclose BTC. Do they ask you for wallet ID information?

Sc1 use bitcoin.tax to put all your trades in to a accountant friendly document. No wallet addresses. IRS just published guidelines on crypto and I bet they're going to be looking for people that haven't filed.

Coinbase works with the IRS, I would not dodge taxes on crypto unless you don't care about liquidation or purchasing

Not me. I mined all of mine and used depreciation write-offs to offset the tax burden. Currently sitting on some sick rigs right now. Looks like I work for NASA.

P1 you in Colorado? The electricity cost for me on the east coast destroys profitability

Op, I’m in the Midwest - hedged in at 0.06c per kilowatt hour. The other variable costs brings it up to about 0.10c all-in. Not the best but not shabby either. It’s still profitable for now.

Related Posts

Hi
Anyone knows how to buy Accenture stocks as internal employee ?

likehelpful

Is PwC the only firm that pays their staffs student loans? I know it’s limited to $1,200 at PwC. I saw GT had a lifestyle savings account and it looks like you can use that to pay for student loans is that correct?

like

What is the best credit card in Canada for travelling? TD Aeroplan? Does Chase Saphire still work here?

like

The total crypto market volume over the last 24 hours is $48.32B, which makes a 7.31% decrease. The total volume in DeFi is currently $2.39B, 4.94% of the total crypto market 24-hour volume. The volume of all stable coins is now $45.34B, which is 93.84% of the total crypto market 24-hour volume.

likehelpful

Should I open an IRA? 25m net worth ~$80k
- 401k: $30k
- robinhood: $20k (+60% all time 😎)
- cash: $25k
- random stuff like bitcoin/robos: $5k

Worked in consulting for two years > startup (laid off) > will be interning at a growth equity/VC fund starting July 6. Comp is variable, could be $70-$200

likehelpful

I have 3 rentals and one primary, all rentals and primary are single family homes, all have 50% to 60%. in equity, I want to buy another property, this time a triplex or fourplex but I don’t want to refinance to pull cash out, what’s the most effective way to get a loan for a down payment to a another property. All suggestions are appreciated. Thanks!

like

What are people’s thoughts on the crypto.com app and their currency CRO? The debit cards they released come with honestly some great benefits (free Spotify/netflix subscription, 10%+ on staking, free airport lounge access) as long as you’re willing to stake a certain amount for 180 days.

Would love to hear from anyone who has contemplated and either decided for or against! Also which card level did you jump in at if you did?

like

Is there a way to map major news against a stock price history to see what caused fluctuations over time?

like

Is FXIAX good for Roth IRA?

like

Which checking account should I get for my business? I'm two houses in, one ltr and one str where my net out per month is around 4.5k while my net in 5.2-6k? I have airbnb deposits frequently (and pge) while other home just mortgage. Looking at cap1 and chase rn do local banks have better sign up bonuses? My goal is to grow to 4 homes (probably 2 more ltr) within the year and utilize this checking account. Any advice welcome!

I have 10k extra to invest. How should I grow it? Any growth stocks to recommend?

likehelpful

Hi Fishes,

Can you help me with the passive source of income?
Location: Pune
Occupation: IT services

like

Has anyone here applied for a veteran small business loan? Are there other resources anyone would suggest as well?

likehelpful

Best cash back card to use in conjunction with CSR? Thinking about freedom unlimited (1.5%) but not sure if other cards are worth it. Don’t spend enough on groceries for the blue

Any recommendations for debt collectors (fintech company)?

like

Thinking about buying a home with my fiancé . We’re not married yet and would like to purchase a home first. What resources can I look at to learn more about purchasing/financing a home with someone else? Also have no idea where to even start, would also appreciate if anyone has any resources for a total new like me!

like

To all those who had to experience a 48 hour “tax day” 👏🏼👏🏼👏🏼

Post Photo
likefunny

What are everyone’s thoughts on IULs? I (24) met with an advisor and he pitched the product so I did my own research and I’m seeing a lot of mixed reviews. I have a mortgage so I think life insurance is necessary. I’ve maxed my Roth contribution and, in a year, I will have a 401K with an employer match. My husband (25) has been investing since he was 18 so we have some basic stocks as well. Looking into IUL but I want to be educated. If you suggest another life insurance option, please share.

like

Have anyone hit the jackpot with crypto currencies?

like

Options for income fish - I'm targeting around 8% income by using collars. My concern is in a bear market. Would I be able to continue with this 8% dividend in that type of market?

like

More Posts

Any advice on how to find a pre-mba intern/externship related to finance? Starting my MBA next fall with the goal of pivoting to IB and I’d like to do something more finance oriented in the mean time. Comp isn’t an issue, I’m just trying to get some relevant experience.

like

Recommendations for a solo trip during Thanksgiving for a couple of days? I’m in Miami, I’m thinking going to an Airbnb driving 3-4 hs max. I’m checking Naples and Ft Myers as first options but not sure if they are good

like

Hi Sharks, I don't have any friends in Tech Mahindra. Need to confirm one thing. I am holding offer from TechM and HR told whatever total variable pay we mention in offer letter, we pay the same on Monthly basis in salary.
Is it true?
Kindly confirm.
Also please let me know how's TechM for SAP functional consultant profile?

like

In your opinion - what makes a good marketing strategy?

like

What level is an Analyst role and what is the pay band at this level?

Can anyone give some insights on this

like

Does anyone have a reformer Pilates studio recommendation in austin (preferably north austin but willing to drive) for a first timer?

like

At what level do Excel skills become meaningless?

like

Let’s get a “how do you professionally say?” thread going to ease the tensions of busy season and avoid sending emails you may regret.

likehelpful

Retiring from the Air Force in a year and looking for the most profitable company I can find in recruiting.

like

I wanna get a cat so badly 😩
And a dog next year 🥺

like

Had a H1b transfer approved until 2023 for a job at a new firm, but I’ve been on a h1b since 2014 (with an approved I-140 from 2017 at my current firm). I thought h1bs are only good for 6 years? Anyone know if this is going to be an issue going forward?

like

Why would anyone want to be a dental assistant when they're paid so little...?

like

Hello and welcome! I know there aren’t many of us so it would be great to connect with others who’ve served.

USAF - 01-05

like

Is it a good idea to relocate to Norway for work?

like

Contact tracing is here for California:https://canotify.uchealth.edu/ucsdh/#section4

like
like

Anyone at ECG willing to connect?

like

Anyone have recommendations for resources to learn marketing and advertising history? I'd love to learn about strategies and campaigns that were impactful in the last century.

like

Do you have a reading goal for 2022? I've read 3 books already this year and want to try to finish 60 before the end of the year.

like

How do you deal with loud neighbors that you share a wall with? They live in the building directly next to mine so can’t go knock on their door. They’re usually not too bad just parties some weeknights which is super understandable. But they’ve been blasting music since 10am and I can’t focus on work.

like

Additional Posts in Everything crypto

What’s your BTC price prediction for end of the year?

like
likefunny

Did you see the huge pump in DGD just now? Pretty sure some randos are pumping and dumping in 1 min to catch people off guard at a high price but I see a pattern (checkout ppt from 1 week ago) and some money can be made in few mins of pump and dump

I got texts from both of my parents this weekend asking if I had seen the price of bitcoin and urging me to sell everything if I had not gotten out yet 😏😂

likehelpful

Has anyone tried any of the margin trading platforms like dydx?

like

No one is ever going to use Amazon, just go to Barnes and Noble or the library.

likefunny

Why are the other cryptos not skyrocketing? Will Ethereum ever rise like Bitcoin has risen?

like

How many coins do you have in your portfolio? And are you active, HODL, or both?

like

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

I love all these news outlets pumping out articles talking about the recent 'crash' in cryptocurrencies. A few months ago the news was 'will Bitcoin break 3k?'. Now it is 'crashing' to $3500 lmao. Hodl long term people

like

What % of your investments (including real estate/art/gold) are in crypto now vs. 3 years ago? In 2019 I was at 10%, now 50% (partly because crypto has grown so much faster than the rest of it, partly from plowing more cash into it).

likefunny

Anyone have any rationale for XRP’s rise in the last 72 hours? I haven’t been able to find a single article to explain the gain. Did they launch something or start a new partnership ? I did read about

like

Exodus is. If you go to their careers website they are looking for UI and UX

Anybody looking to farm check out Maiar. Around 16% APY but if you lock rewards for a year it's over 150%. Provide MEX and EGLD to pool and receive MEX that can then be staked for another 125% + if locked. They also have a very well made app. Romanian team that's very involved and transparent. Some businesses like autoworld in Eur already accept EGLD. Very much early and see EGLD being a 100 bn market cap in 5 years.

like

Why all the fuss about ASIC resistant currencies? Even if a currency is ASIC resistant, can’t a really rich guy/company just go out and buy the most GPU’s? Sorry for any ignorance in my part, just trying to understand this concept. Thanks for any insight on this topic!

like

She hit the flo, next thing you know shawty got low low low ..

How low will BTC go?

like

Uhhhhhhhhhhhhhhhhh I don’t want to sell but uhhhhhhhhhhhhh

like