I'm talking about the part where we sell the stable coin (after receiving the loan). The capital gains/loss would be negligible.
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Can your LLC and personal crypto wallets use the same laptop to trade?
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For anybody who's in the US there's a website called taxmytendies that can help you get a rough estimate on short and long term capital gains. Just thought I'd share.
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Who knows? The only knowable for sure is fiat-crypto and crypto-fiat transactions.
I've received a key for an address as a gift. How can I prove that all transactions before that weren't mine?
I was hacked. How can I prove that I don't control the address that the funds went to?
It's all bullshit. Assumptions. Can we make them do the things right or not? This is the question.
What about penalties? Which part of the penalty do you have to consider for taxation? Only the part which is subtracted from your principal or also the lost interest?
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Only a few hours left to submit relevant and substantive comments on SEC proposal S7-04-23. All the information you need is on Richard Heart’s X account.
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My knowledge is based on information available up until September 2021. I don't have access to real-time data or events that have occurred after that date. If you have questions or need information on more recent events or developments, I recommend checking reliable news sources or conducting online research for the most up-to-date information.
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in the USA, using crypto to buy a car would act like a sale of the crypto where you realize the gain or loss of the coins that you spend on the car.
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I see i tend to avoid the “green” option and or lower priced version
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Choosing appropriate company for managing LLC accounting.
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So, anyone can recommend company which is specialized in accounting of LLC which trade / invest in cryptocurrencies?
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same laptop? sure. but the walleets should be separate private keys
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The united states of compliance and liability. I got it.
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The gift should be documented with evidence, such as with emails or a signed gift letter. A transfer of crypto by giving someone your private keys should have a documentation trail, again something like emails or a written agreement. (I don't casually give crypto gifts to people anymore because of this.) A hack that results in your loss of funds should involve a police report or FBI report. These things need to happen in live time or close to live time.
That's how you prove it. Of course, someone can try to disprove or dispute your facts. Ultimately it would be a trier of fact that would be the final arbiter if it would ever get that far.
Everything you do on the blockchain and the relevant things you don't do on the blockchain, you should be able to document or explain for tax purposes or other purposes. That's a negative of crypto. It's actually way less private than you think and subject to greater scrutiny by authorities.
think about the spirit of the law vs. the technicalities. Do you control the assets and benefit from the assets?
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Is the general consensus here that you get taxed on your HEX staking rewards the moment you receive them in your wallet?
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Can anyone here recommend a tax accountant who is versed in HEX/ Pulsechain ecosystem and ideally licensed in Florida?
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Its not bad luck or good luck ser treat it as you wish
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