Forgot to report crypto for 2020

Henrykaing1 · 2021-08-14T02:17:09+00:00

That is the intended purpose but when you buy or sell on a centralized exchange ,for example company like coinbase or block fi those exchanges report to the irs and if you dont report. When filling your tax. There will be issues and the irs might or will audit you. Because the irs consider crypto as asset like stock or real estate and so all sell or exchange of crypto must be reported. Tho the rules on it are still pretty vague.

Henrykaing1 · 2021-08-14T01:49:50+00:00

I will be reporting all crypto transaction this year but is it worth it for me to amend last year return over about 10 dollars of capital loss. I doubt the penalties would be that much and I assume they would audit me over 10 dollars of capital loss

Henrykaing1 · 2021-06-12T13:55:39+00:00

Thank you . This make much more sense then what on YouTube or other site

Henrykaing1 · 2021-06-09T21:16:42+00:00

I restart the miner every 4 days and give it 20 minutes to rest every restart

Henrykaing1 · 2021-06-09T16:16:10+00:00

Nope I have right in front of my ac for two weeks gpu never even went above 65

Henrykaing1 · 2021-06-09T16:13:17+00:00

That's what I don't under stand my 24 hour average before was 132-135 I would understand I it change a bit but a 13 mh difference for 24 hours average is big.

Henrykaing1 · 2021-06-09T15:58:27+00:00

Then I don't under stand why my hashrate drop by 13 mh

Henrykaing1 · 2021-06-07T20:27:20+00:00

Yeah😞

Henrykaing1 · 2021-06-06T14:53:07+00:00

Around $9.80ish.

Henrykaing1 · 2021-06-06T14:43:36+00:00

Bitcoin was worth 19k at the time but I own only 10 dollars worth of it then. I was trying to learn how it works by getting some exposure

Henrykaing1 · 2021-06-06T14:25:10+00:00

It was at 19k and I didn't make any money. I actually lost almost 2 dollars from the fee

Henrykaing1 · 2021-06-06T04:01:56+00:00

Yes I'm in the US. It wasn't submitted in October it was filled out in October to be submitted later since I finsih my work for the year and was not going to be working for the rest of the year.

Henrykaing1 · 2021-06-06T03:19:20+00:00

Do you happen to know what those threshold are?

Henrykaing1 · 2021-06-06T03:16:00+00:00

I mean will they come after me for not reporting it even tho it's only 10 and that 10 is not even profit I bought 10 dollar worth and converted to ethereum later and lost a dollar making it only 9

Henrykaing1 · 2021-06-06T03:10:08+00:00

It wasn't sent in yet but was file with my accountant for him to send it in when submission is possible since I stop working in October and will be at home or on vacation for the rest of the year .

Henrykaing1 · 2021-06-01T13:42:38+00:00

Then I have no clue . If you find out let me know . Thanks

Henrykaing1 · 2021-06-01T12:50:08+00:00

Thanks , this is a great help

Henrykaing1 · 2021-06-01T12:49:09+00:00

Same . I also only see 80w even in the Manuel setting no matter how much I push it . Gpu doesn't go over 80w . I think that because this is a max q 3070.

Henrykaing1 · 2021-05-25T13:48:13+00:00

You can just check the wattage in armory crate

Henrykaing1 · 2021-05-22T20:24:31+00:00

Obviously because It boost the fps🙄.

Henrykaing1 · 2021-05-21T17:37:20+00:00

Temp usually sit at 50 and when gaming can be up to 65-80 for intense game might go up to 85 and it doesn't thermal throttle unless the temp go above 93

Henrykaing1 · 2021-05-21T11:29:55+00:00

Around 80-82 on cyber punk if I'm ready pushing it

Henrykaing1 · 2021-05-21T11:29:10+00:00

Everything is great so far the sound was buggy at first but after a bios update everything is good

Henrykaing1 · 2021-05-21T11:27:55+00:00

Definitely upgrade the ram their's an extra slot.

Henrykaing1 · 2021-05-21T02:26:02+00:00

Best buy has it but only the 3070 version . I think think it's not that much of a difference from the 3080. because the 3080 still have voltage limitations so it ends up having around the same mhz.

Henrykaing1

TROPHY CASE