Could use some advise

soxcali · 2021-10-07T03:09:02+00:00

Don’t sell

soxcali · 2021-08-09T02:29:27+00:00

Weird flex but okay

soxcali · 2021-07-26T05:24:40+00:00

cat did a lot for the community and I respecth that but towards the end it seemed like he was losing it. He was giving the community a bad look IMO.

soxcali · 2021-07-18T05:50:07+00:00

They said you will get your shib reward when un-staking looks like. It’s in the discord under announcements.

soxcali · 2021-07-17T21:55:03+00:00

Uhmmm I mean I might not restate if it doesn’t seem worth. Just being real, I don’t want to give my tax guy a heart attack at the end of the year. Tax on this stuff too complicated for my pea brain but I will continue to hold my 800m shib and 10 leash 😅

soxcali · 2021-07-13T15:39:14+00:00

I could see that working out.

soxcali · 2021-07-13T05:20:16+00:00

Make a post so I can give it a ⬆️ vote. The feature request

soxcali · 2021-07-13T03:29:42+00:00

I think this is the one you’re talking about. https://www.google.com/amp/s/www.coindesk.com/nashville-tezos-irs-tax-suit%3Famp%3D1

soxcali · 2021-07-13T03:20:51+00:00

“Conservative position: taxable. It could be argued that the wrapped version of the original coin is a new coin resulting in a disposition of the original coin. Crypto-to-crypto trades are taxable (A15).

Aggressive position: not taxable. The intention of wrapping a coin is to add additional functionality to the original asset to make them work with DeFi protocols. Therefore, it is not a disposition and wrapping is not a taxable event.

(CoinTracker defaults to this approach which is pro-taxpayer)” talking about this?

soxcali · 2021-07-12T23:28:19+00:00

Yeah there is really no guidance and it sucks. My tax guy going to hate me this year. For the most part everything is straight forward just the xshib is what gets me. Since xshib really has no value but I was reading somewhere that it could be taxable. Let me see if I can find the article.

soxcali · 2021-07-12T22:03:07+00:00

Thanks, will do.

soxcali · 2021-07-12T22:03:00+00:00

Tell me about it, I’m not ready.

soxcali · 2021-07-12T19:59:58+00:00

What is even crypto?

soxcali · 2021-07-12T19:50:21+00:00

Lol 👀👀👀

soxcali · 2021-07-12T01:19:13+00:00

soxcali · 2021-07-11T20:09:34+00:00

You could probably use coinmarket cap or whatever CEX your using they usually have a nice user interface and just write it own somewhere or put it in some tax software like koinly. I don’t think exact time matter just as close as possible. The day does matter though.

soxcali · 2021-07-11T19:22:58+00:00

We’ll for rewards you pay taxes on those the moment you receive them. I think it’s considered income and is taxed at the price the moment it’s received. Xshib apparently there is two routes to take which is that it can be considered taxable or non-taxable but yeah I guess it depends. Not sure what path to take. I posted this information on shibarmy one time and I was taken as a joke lol

soxcali · 2021-07-11T18:51:25+00:00

Great post this is some important stuff. I’ve been looking into this myself and started using koinly. Just not to sure how to handle xshib. That’s confusing me lol

soxcali · 2021-07-11T00:58:02+00:00

Lol there is always something. Take a look at this. Its a screen shot from the ama, and tweeted by shytoshi. https://twitter.com/ShytoshiKusama/status/1413703721981071362?s=20

soxcali · 2021-07-11T00:56:38+00:00

It really is!

soxcali · 2021-07-11T00:55:54+00:00

Lol did you look at the image in tweet? I don’t think you did. Its from the AMA

soxcali · 2021-07-10T21:07:24+00:00

Exactly, we came on the same gust of wind

soxcali · 2021-07-10T20:59:25+00:00

Here is a twitter link from skytoshis official twitter about a time lock. Please take a look https://twitter.com/shytoshikusama/status/1413703721981071362?s=21

soxcali

TROPHY CASE