CryptoGOV

13 Dec 2022 05:28

it was mentioned elsewhere that a Tshare can be considered a reciept of the value destroyed. what are your thoughts on that?

CryptoGOV

13 Dec 2022 04:50

The HEX contract has no Oracle or similar it is unaware of price. All math is contained within the contract. My guess would be no.

CryptoGOV

10 Dec 2022 00:44

@TheLongVacation !report

CryptoGOV

07 Dec 2022 04:49

I plan to dig in at the end of this month - will report back.

CryptoGOV

06 Dec 2022 18:48

thanks, will check them out

CryptoGOV

06 Dec 2022 15:19

Argentina Signs Automatic Tax Data Sharing Agreement With the United States https://news.bitcoin.com/argentina-signs-automatic-tax-data-sharing-agreement-with-the-united-states/

CryptoGOV

06 Dec 2022 13:36

It's certainly not for promoting or asking questions about other crypto projects beyond HEX and PulseChain.

CryptoGOV

06 Dec 2022 13:35

Hey Hexicans in Australia. I managed to draft a document with a tax lawyer that my Aussie accountant did accept to basically put all my HEX gains through as CGT including 50% CGT benefit. I spent around 20k AUD on this. Who is willing to chip in or interested in receivign this letter to present it to their accountants. I know its the bear market, but the bulls will come back according to RH and then it will be relevant again. How many people would be interested in chipping in to my expenses etc.

CryptoGOV

06 Dec 2022 12:43

anyone have a guide to do taxes in excel? by just downloading the csv files of explorers?

CryptoGOV

06 Dec 2022 04:06

You may not find something better. Be careful not to over rely on coin trackers. They have many limitations.

CryptoGOV

06 Dec 2022 03:10

If U come across something that u have better success with, please let us know.

CryptoGOV

06 Dec 2022 03:09

What R U using instead?

CryptoGOV

06 Dec 2022 03:08

Ya I stopped using Koinly, it was so off .. I know hex stakes would throw it off but it was calculating my stakes when I started them as income as well as other glitches

CryptoGOV

06 Dec 2022 02:59

Def not sellin in the market 🤣 but when things get rollin again

CryptoGOV

06 Dec 2022 02:25

Sooo after you get the keys not when you give the money

CryptoGOV

13 Dec 2022 04:50

well, technically HEX works without knowing anything about the actual USD value of the token. Value doesn't factor in. Just how much HEX you put in for how long.

CryptoGOV

13 Dec 2022 04:44

So, I was talking to my little buddy OpenAI about HEX / smart contracts and if it thought claiming newly minted tokens at the end of a stake should be considered zero-cost basis...

It said yes, the new tokens would be considered zero-cost basis, but only if the they were created without any reference to the value of the tokens that were previously destroyed.

Does anyone know if that is the case? Are the new tokens minted without referencing the value of the old ones?

CryptoGOV

07 Dec 2022 16:59

Anyone that knows tax rules in Guatemala, Central America?

CryptoGOV

06 Dec 2022 19:43

Hopefully in a month or two U can give us an update to see if your opinion on this has changed or not.

CryptoGOV

06 Dec 2022 18:18

I started using cryptotaxcalculator about two weeks ago and I found it significantly more user friendly than koinly IMHO. It was also more accurate when pulling my transactions. Of course there are always a few glitches but their customer support chat (human) actually responded and was very helpful.

CryptoGOV

06 Dec 2022 14:46

It is for crypto tax and govt questions

CryptoGOV

06 Dec 2022 13:36

I am trying to figure out whether I put up a website, or whether I just help a few people for a contribution OTC

CryptoGOV

06 Dec 2022 13:18

Is this chat just for Hex? Or people covering other projects as well?

CryptoGOV

06 Dec 2022 04:43

yeah, sadly there is not easy button for crypto taxes just yet

CryptoGOV

06 Dec 2022 03:14

you have to manually correct some things in Koinly as many defi protocols can confuse it

CryptoGOV

06 Dec 2022 03:09

Good question, I have a few months to figure it out

CryptoGOV

06 Dec 2022 03:09

Last year I had to manually adjust almost everything , something different this year

CryptoGOV

06 Dec 2022 03:06

Koinly will just the acquisition date from your metamask wallet to calculate

CryptoGOV

06 Dec 2022 02:59

Question regarding cap gains (short/long)
Let’s say you’re holding hex over a year and you want to exchange to fiat.. you have to swap it to USDC then send to your CEX. But once you swap it, your exchange doesn’t know if it’s long or short so if you’re using something like Koinly or coinbase reports, just have to manually (0-20% depending) adjust it?

CryptoGOV

05 Dec 2022 23:12

You can think of your sacrifice as money in escrow (albeit no expectations!) for a house. Your clock for capital gains starts at closing even though you’ve already paid out the money. Keys in hand & deed recorded = starts the clock.