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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?
Is FXIAX good for Roth IRA?
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Anyone at ECG willing to connect?
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
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.