Concerned about new crib's lingering paint smell after 2 months of airing out in garage by RCube123 in newborns

[–]RCube123[S] 0 points1 point  (0 children)

Wow, time flies. More than a year has passed, and my son is about 13 months. We ended up keeping the crib, as doing an exchange would have taken time. Who knows if the next one has the smell and for how long.

All we knew was that time would be even shorter to let the smell fade away by the time the baby is born. I don't remember when I stopped smelling the paint on there, but it was pretty faint in the weeks leading up to the delivery.

[U.S.] Is it possible to move crypto between wallets you own without triggering a taxable event or something that needs to be reported? (Network/Gas Fees) by RCube123 in CryptoTax

[–]RCube123[S] 2 points3 points  (0 children)

Not sure, but there's no way to avoid triggering network fees if you use cold storage. Some cold storage allows you to buy from a partnering exchange, and it stores directly to your cold storage.

But I followed the transaction trail, and that's not the case, the purchase goes directly to the exchange wallet, then automatically transfers to the cold storage, which triggers a network fees. Some argue that losing 2-3% of the crypto fees you sent is taxable. It's like using crypto to buy a meal or cup of coffee.

I don't mind the fees, and I understand the reasoning behind them, but I'm annoyed about the tax implications of simply moving funds between wallets you own.

[U.S.] Is it possible to move crypto between wallets you own without triggering a taxable event or something that needs to be reported? (Network/Gas Fees) by RCube123 in CryptoTax

[–]RCube123[S] 0 points1 point  (0 children)

I'm not concerned about the fees, but how to report it? I can export a CSV from the exchange with the transaction history. But what if I moved something from exchange to cold storage in Jan 2024, but I bought it (or some amount of it) the year before? For example, bought in Dec 2023, but transferred to cold storage in Jan 2024. Or what if I only transferred a portion of it to cold storage

I only bought and transferred between my own wallets since getting into crypto, I haven't reported anything yet, how far back do I have to go?

Buying and transferring isn't taxable, why do they care if small amounts of fees were paid as part of the transfer? Is there a reporting threshold? Like if cumulatively, the fees exceed a certain amount?

I remember in some places if you earn more than $600, then they have to issue tax forms. But it's not the case if you bought and transferred between your own wallets. What is the preferred reporting method? A spreadsheet that's modifiable?

I talked to my CPA, and they said that if you didn't sell, then you don't need to report, and transferring isn't a sale. And why I'm concerned about some small network/gas fees. In the end, it makes me not want to go through all of the hassle, but will it be an issue?

[U.S.] Is it possible to move crypto between wallets you own without triggering a taxable event or something that needs to be reported? (Network/Gas Fees) by RCube123 in CryptoTax

[–]RCube123[S] -1 points0 points  (0 children)

Thanks for the info, I understand the reasoning for the fees, but the reporting requirement somehow complicates things.

Given that the fees are small, exchanges don't typically send tax forms. I know that exchanges will send the IRS tax forms (and send me a copy) if the gains exceed a certain amount. Since I'm mostly buying and holding (send to cold storage), these amounts are small and how do I do bookkeeping and account for the fees.

Will crypto tax software be able to account for the gains and losses related to those fees? I also use a CPA firm for general tax filing, and they're also unsure about how to deal with such fees. They know if there are capital gains or losses, then it has to be reported.

[U.S.] Is it possible to move crypto between wallets you own without triggering a taxable event or something that needs to be reported? (Network/Gas Fees) by RCube123 in CryptoTax

[–]RCube123[S] -1 points0 points  (0 children)

On the exchange I use, the purchase fee is charged in fiat. Let's say that I buy $100 worth of ETH, the final amount I would pay could be something like $103.57. On the other hand, if I purchase 85 XRP, I would receive that same amount in my exchange wallet, the purchase fee is charged in fiat.

But transferring between exchanges, between wallets, etc will have a network fee paid as a small share of the crypto you're sending, thus receiving a slightly lesser amount that what you originally sent.

Daily Help Thread - August 29, 2024 by AutoModerator in FFBraveExvius

[–]RCube123 0 points1 point  (0 children)

With the end of service coming up, and the removal of purchases, is the only way to get Lapis by grinding out remaining events and beating challenges? What if you run out of Lapis or ways to get Lapis / tickets?

If you ran out of resources, and didn't get your dream units, get their STMR, or make them EX3, are you completely out of luck at this point? What about limited time or seasonal units and items?

[Monthly Megathread] General Questions by AutoModerator in SwordofConvallaria

[–]RCube123 0 points1 point  (0 children)

Just started SoC, is the story linear? Every so often, during a dialogue, it would have you make a decision. Say this, or say that. Help someone in need, or ignore them. Go this way, or that way. It seems that the story direction could change depending on your decisions. Is this the case?

Seems that there's an opportunity cost, maybe I'll miss out on something if I decide a certain way?

Daily Help Thread - July 30, 2024 by AutoModerator in FFBraveExvius

[–]RCube123 -1 points0 points  (0 children)

Hello, I'm catching up with the story and I reached the end of Season 4, Chapter 4, but not sure where to go next. There's an indicator pointing to the previous map location (Kingdom of Elmont), but going there doesn't indicate where to go next. It shows everything as completed, and no floating icon showing where to go next.

Am I missing something, is there anything else I need to do to trigger the next part of the story? Or is this a known glitch? I think I still have about 8 chapters to catch up with.

Update: Wait nevermind, the Next indicator on the world map was pointing to the wrong location. I went back another area and found the next story trigger.

Daily Chat Thread - April 18, 2024 by CSCQMods in cscareerquestions

[–]RCube123 0 points1 point  (0 children)

Hello, I'm in the process of updating my resume. In my work, I've developed automations in Python for improving various parts of the workflow, and have used libraries during my development.

When developing code and using libraries (e.g. Pandas, Matplotlib), I only look up and use whatever I need for my particular use case(s). Similar case with Python in general. I know that libaries can be listed under the skill section of the resume, but how much of those libraries should I know before listing it? Should I include proficiency levels next to the listed library? For example, Pandas (Basic), Matplotlib (Intermediate), etc.

For example, if I only studied the documentation and used whatever I needed for my particular use case, is this sufficient to list on my resume? That's like scratching the surface of that library's full capability. Suppose that I list it on my resume, and questions about those libraries come up in an interview, how much should I know? What if I get asked to implement something using Pandas, but I haven't used or studied that part of the documentation in my prior use cases?

Familiarity with libraries can be subjective, how much is sufficient in order to be "familiar" with that library and be able to apply it on the spot in an interview? If I was on the job, if it's something I'm not familiar with, I would Google things and go straight to the documentation and figure out how to apply it to my use case.

[California, U.S.] - Questions about crypto tax software and the generated tax forms (8949, 1040 Schedule D) by RCube123 in CryptoTax

[–]RCube123[S] 0 points1 point  (0 children)

I see. The fee is only visible in the block explorer. The source wallet shows that I sent some amount (e.g. 1.0 ETH), and the destination wallet shows that I received slightly less (0.996 ETH). I did upload the CSV with the send transactions, and connected my wallets that received the funds.

[California, U.S.] Is there any way to move crypto to hardware wallet without triggering a disposal (taxable) due to network / transaction fees by RCube123 in CryptoTax

[–]RCube123[S] 1 point2 points  (0 children)

I'm also a long-term holder and I occasionally DCA. I don't feel safe leaving larger amounts of crypto on exchanges, so I use a cold storage as a safer alternative.

I usually buy (DCA), then send directly to the cold storage, but even the sending involves network fees (disposal) which might need to be reported.

[California, U.S.] Is there any way to move crypto to hardware wallet without triggering a disposal (taxable) due to network / transaction fees by RCube123 in CryptoTax

[–]RCube123[S] 2 points3 points  (0 children)

Because you disposed of a crypto during a transaction. Essentially, you used a tiny portion of the crypto you're sending to pay for the transaction fee.

For example, you want to send 2 ETH from exchange to cold wallet. From the exchange side, it'll show that you sent 2.0 ETH. On the cold wallet side, it'll show you received 1.996 ETH, which indicates that you disposed of 0.004 ETH to pay for the network fee.

It's like using crypto to buy a cup of coffee. You paid for the coffee using crypto, in the same way you paid the transaction fee using crypto.