01-01-2022, 05:07 AM
Did you pay tax on your crypto? How much and how stressful was it?
<!-- SC_OFF --><div class="md"><p>I’m just curious about it. <sup>I’m</sup> <sup>definitely</sup> <sup>not</sup> <sup>the</sup> <sup>IRS.</sup> </p> <p>But, honestly.. how stressful was it? If you were like me and just got into crypto earlier this year. You probably made a lot of transactions.</p> <p>Buying <em>a</em> then changing it to <em>b</em> then changing that <em>b</em> into <em>c</em> and <em>d</em> then selling the <em>c</em> for a 10% loss and selling the <em>d</em> for a 69% profit.</p> <p>Like how tf am I supposed to calculate that?!?</p> <p>There’s definitely a need for a simpler way to fill taxes on crypto.</p> <p><sup>disclaimer:</sup> <sup>I’m</sup> <sup>definitely</sup> <sup>not</sup> <sup>the</sup> <sup>IRS</sup> <sup>
</sup></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SoonMoonn"> /u/SoonMoonn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rsuirq/did_you_pay_tax_on_your_crypto_how_much_and_how/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rsuirq/did_you_pay_tax_on_your_crypto_how_much_and_how/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’m just curious about it. <sup>I’m</sup> <sup>definitely</sup> <sup>not</sup> <sup>the</sup> <sup>IRS.</sup> </p> <p>But, honestly.. how stressful was it? If you were like me and just got into crypto earlier this year. You probably made a lot of transactions.</p> <p>Buying <em>a</em> then changing it to <em>b</em> then changing that <em>b</em> into <em>c</em> and <em>d</em> then selling the <em>c</em> for a 10% loss and selling the <em>d</em> for a 69% profit.</p> <p>Like how tf am I supposed to calculate that?!?</p> <p>There’s definitely a need for a simpler way to fill taxes on crypto.</p> <p><sup>disclaimer:</sup> <sup>I’m</sup> <sup>definitely</sup> <sup>not</sup> <sup>the</sup> <sup>IRS</sup> <sup>
</sup></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SoonMoonn"> /u/SoonMoonn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rsuirq/did_you_pay_tax_on_your_crypto_how_much_and_how/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rsuirq/did_you_pay_tax_on_your_crypto_how_much_and_how/">[comments]</a></span>Kind Regards R