CryptoGOV

18 Dec 2022 21:05

Does our community have a crypto tax utuber?? Sure would be nice for someone to go the distance and give guidance. I'm truly thankful for this telegram. To volunteer your time to help people uneducated in this area means alot. Thanks CryptoGov team!!! Happy holidays!

CryptoGOV

17 Dec 2022 20:58

@RichardHeart can you please grant me the ability to pin messages here OR pin Das Baum's post about crypto taxes in EU? Thank you

CryptoGOV

17 Dec 2022 20:56

Made an overview for Crypto Taxation in Europe
Let me know if you find any mistakes / updates / links to edit
https://docs.google.com/spreadsheets/d/1CLfWgyjrIuv_JfzCGr0ra4Pt-P14b_KaB3Nl_GuifOw/edit?usp=sharing

CryptoGOV

17 Dec 2022 07:59

Anything before or after !report doesn't work

CryptoGOV

17 Dec 2022 02:29

If what you are saying is true its “not your keys…not your _____” maybe they are living in some alternate future

CryptoGOV

16 Dec 2022 12:22

has anyone used 1inch for limit orders?

CryptoGOV

16 Dec 2022 03:19

If you are in the USA, you can use Kraken, Gemini, Coinbase, etc.

CryptoGOV

15 Dec 2022 18:44

Best crypto fiat on-ramp for an LLC ?

CryptoGOV

14 Dec 2022 01:12

Again, can S Corp’s be made in UK or more of a US thing? Appreciate all your advice

CryptoGOV

13 Dec 2022 21:05

The default could be reversed if it was due to an administrative error:
https://youtu.be/pYkpN3iydZM

CryptoGOV

13 Dec 2022 07:08

The Club Of Rome At 50 Years Old | ZeroHedge
https://www.zerohedge.com/geopolitical/club-rome-50-years-old

CryptoGOV

13 Dec 2022 05:59

No, any swap between different tokens or coins is a sale

CryptoGOV

13 Dec 2022 05:49

Tax amateur here, looking to move my crypto assets into a S-Corp to separate my assets from my name. Is this the right path to take? What have you all done in the past?

CryptoGOV

13 Dec 2022 05:48

what are your thoughts on that ICSA being zero-cost

CryptoGOV

13 Dec 2022 05:45

spirit of the law = actual law tho?

CryptoGOV

18 Dec 2022 17:45

Stockman: Twitter Implicitly Became The Ministry Of Truth | ZeroHedge
https://www.zerohedge.com/political/stockman-twitter-implicitly-became-ministry-truth

CryptoGOV

17 Dec 2022 20:56

@TheLongVacation sticky request

CryptoGOV

17 Dec 2022 08:20

Good to know. Thanks!

CryptoGOV

17 Dec 2022 07:55

@TheLongVacation !report

CryptoGOV

16 Dec 2022 21:15

Sup fellas , I have a buddy that was locked out of uphold and has his acct back. They’re asking for his SSN for tax filing.
Are they just expecting ppl to file on their taxes even if you are not selling?

CryptoGOV

16 Dec 2022 03:19

but setting up an institutional account is a different process than a personal account, there will be more paperwork for KYC, etc.

CryptoGOV

15 Dec 2022 19:21

Most exchanges offer business accounts, which require a separate application process to create one.

CryptoGOV

14 Dec 2022 01:26

Not sure, tbh, but there is a CryptoGovUK group

CryptoGOV

14 Dec 2022 01:10

Is it same advice for UK based people ? Curious if I can LLC my crypto and pay tax differently / save on expenses / make write offs

CryptoGOV

13 Dec 2022 15:03

Was hoping someone here may be able to help with this/point me in the right direction to an article. NOT Crypto tax related directly so apologies. Saw an article going over how to do this previously but for the life of me can no now.
=================
In the US and have a 401K with a previous employer that I no longer work for. I had taken out a 401K loan while I was with them and after leaving I failed to correctly set up my continued payments so it fell into default etc so it will count as a withdrawal/disbursement this year and be taxed + penalty.

How can I avoid this before the end of the year?

I believe there is a method for rolling the 401K into an IRA and then submitting a large matching payment that is tagged as something other than a contribution. I cant find the article that said what specific forms, order of operations, and what everything needs to be labels to ensure Vanguard does it correctly.

Any assistance would be greatly appreciated. Trying to contact local CPAs but so far have gotten "Not taking new clients this year" or seemed to have no idea what this method is so not going to hire them.

CryptoGOV

13 Dec 2022 06:14

Scorp won't necessarily obfuscate you from your crypto, but it will let you offset crypto gains with business expenses

CryptoGOV

13 Dec 2022 05:50

ok, I thought a sell in the tax world was specific to an asset being redeemed for legal tender

CryptoGOV

13 Dec 2022 05:49

That would have been a sale, you sold the stake, or the original hex, for icsa

CryptoGOV

13 Dec 2022 05:48

what if the HEX stake was 5555 encapsulated, swapped for ICSA via the HSI buy-back contract, and no HEX tokens were ever earned / claimed by me.

CryptoGOV

13 Dec 2022 05:40

I think the spirit of the law is that tokens earned are income or a security dividend