A-A-Ron on Nostr: Cash App doesn't really let you manage UTXOs, but it does track individual ...
Cash App doesn't really let you manage UTXOs, but it does track individual transactions. So that way, just like selling stock shares, you can set the taxes to First In First Out (FIFO), so if you bought any more than one year ago, it will tax it at the lower long term capital gains rate.
Published at
2024-10-14 15:28:02Event JSON
{
"id": "dc81907a55f82e69b269f5fe1604415d2796850ef5064f36ee6bef1e64f8ffff",
"pubkey": "7642ebc5835a6688cc53a405ba8c33fd1107d5370f26c802d92aa46fbb3d6523",
"created_at": 1728919682,
"kind": 1,
"tags": [
[
"e",
"39b73a587ce0f548f1a57e2afd30f910690150a14119439a58f0f3402aa5e3bd",
"",
"root"
],
[
"e",
"e9e6693959aeefa59deabf1d81d70acaea99257ee474a70290e62d8ed7c4305d"
],
[
"e",
"150de505dd9d830952a655bc77cf8468a53d71690758a8fabd86b6b310e07fb6",
"",
"reply"
],
[
"p",
"c566aa07755e1982f2bceefedd3d1b1470c7b094600a02a36267d6b09c9ba4a2"
],
[
"p",
"7642ebc5835a6688cc53a405ba8c33fd1107d5370f26c802d92aa46fbb3d6523"
]
],
"content": "Cash App doesn't really let you manage UTXOs, but it does track individual transactions. So that way, just like selling stock shares, you can set the taxes to First In First Out (FIFO), so if you bought any more than one year ago, it will tax it at the lower long term capital gains rate.",
"sig": "af17752a7c55d9ddd0f6cf4f72ace9fbe607cf3e3e911782c1321202767f5afc79aa1c3b4e92fb5b9c50508cd467dc3cf1019181ddf84992c68256c66bdc9221"
}
