Fred on Nostr: JW Weatherman’s response to this video: It’s so sad you are promoting this FUD. ...
JW Weatherman’s response to this video:
It’s so sad you are promoting this FUD.
Taxpayers are still allowed to use specific lots accounting. This means they can arbitrarily pick any purchased bitcoin as their sold bitcoin retroactivity at the end of the year.
Your 1099B should be accurate on the gross sale, but it’s only a slight convenience if it has the correct cost basis (it rarely does).
So absolutely nothing has changed except you probably got paid to sell fear and less likely you got suckered.
Comment sir?
It’s so sad you are promoting this FUD.
Taxpayers are still allowed to use specific lots accounting. This means they can arbitrarily pick any purchased bitcoin as their sold bitcoin retroactivity at the end of the year.
Your 1099B should be accurate on the gross sale, but it’s only a slight convenience if it has the correct cost basis (it rarely does).
So absolutely nothing has changed except you probably got paid to sell fear and less likely you got suckered.
Comment sir?