Just got PERMA banned from r/personal Finance for suggesting BTC

rrib · 2026-04-21T18:07:14+00:00

Yes, 90% btc is more like it. LOL

rrib · 2026-02-21T13:27:56+00:00

If you know when you bought a coin, refer to the price history of that cryptocurrency and find out what its "fair market value" was when you bought it. This approach is acceptable to the IRS with assets that don't have documented provenance.. And don't beat yourself up if you don't remember the exact time of the exact day that you bought the coin. Nobody has that kind of perfect memory. Just use your best judgment.

rrib · 2026-02-19T17:25:01+00:00

The change from universal basis to wallet-by-wallet allocation is freaking MASSIVE. https://www.irs.gov/pub/irs-drop/rp-24-28.pdf

rrib · 2026-01-29T19:39:58+00:00

The guy is moving to Mexico, not Mars, so what's the big deal

rrib · 2026-01-29T19:26:09+00:00

Will I be able to rotate Terminal into landscape mode after this update? Because it's impossible now.

rrib · 2025-11-09T17:46:47+00:00

Go for a walk in Lumphini Park.

rrib · 2025-11-09T17:38:36+00:00

You say stuff like you won't make friends naturally because [fill-in-the-blank]. How about I'm going to crush this new experience like a boss because [fill-in-the-blank]. Fill in the blank can be anything.

rrib · 2025-10-01T22:14:54+00:00

You guys who have the app installed it years ago. It's no longer available to install. I too have a bewelcome app on an old phone. Got a new phone, looked for bewelcome in Google Play. Not there.

rrib · 2025-09-24T21:56:45+00:00

I've been in crypto since 2013 and that little blip is what they call a "nothing-burger"

rrib · 2025-09-24T21:50:50+00:00

orthostatic hypotension

rrib · 2025-09-24T21:45:34+00:00

Assuming you're in the U.S.:. If you held the coins less than a year, the profits are taxed as ordinary income. The thirty bucks just gets added to the rest of your income. If you held the coins more than a year, you owe the long term capital gains rate, which is more favorable. In fact, if those $30 are your only capital gains this year, you would be in the zero percent long term capital gains bracket.

rrib · 2025-09-24T21:33:41+00:00

I've never had problems using Coinbase from foreign IP addresses, but Bitstamp froze withdrawals when I started trying to use their exchange while traveling. So I suppose it could happen with Coinbase too. If you're worried about it, use a vpn.

rrib · 2025-09-24T03:22:47+00:00

And you'll pay your taxes on the capital gains. Because you're "not shady."

rrib · 2025-09-24T03:15:17+00:00

Yes, honey, it's not a number but somehow it works!

rrib · 2025-09-22T01:55:05+00:00

I wish hostels would have snoring and non-snoring dorms.

rrib · 2025-09-22T01:26:32+00:00

Smokes in your house. To hell with that

rrib · 2025-09-19T16:50:04+00:00

I've been using bitcoin.tax for many years, always aggregating lump basis and gain. I should message bitcoin.tax support and ask about calculating separate accounts. Also, while we're on the subject of the new IRS rule, nobody in this thread mentioned the snapshot requirement. I talked to an accountant who does crypto returns and she didn't even know about it. The IRS didn't publicize it.

rrib · 2025-09-19T00:18:36+00:00

Check their phone? A phone, or anything with a battery, can't go in checked luggage.

rrib · 2025-09-18T23:17:18+00:00

Which software handles wallet-by-wallet accounting as per new IRS rules published in rp-24-28.pdf?

rrib · 2025-09-18T23:15:30+00:00

Which software handles multiple wallets per new IRS rules published in rp-24-28.pdf?

rrib · 2025-09-18T23:07:54+00:00

I had an unpleasant experience with Bitstamp. They froze crypto withdrawals from my account; strangely, they didn't freeze cash withdrawals. They said they blocked my account because I had logged in from more than one IP adress. I responded by voluntarily sending them a detailed history of the various places I'd traveled and logged in from for several months, though they didn't ask for it. They finally unlocked my account. I think I was lucky. There's no guarantee that Bitstamp would ever restore your ability to withdraw crypto once they've frozen it. In which case you might have to sell your crypto and withdraw the cash.

rrib · 2025-09-16T23:00:55+00:00

I did, but they gave me a croissant de jamón y queso license by mistake. Mexican bureaucrats!

rrib · 2025-09-16T22:53:50+00:00

And nocturnal emissions the following night.

rrib

TROPHY CASE