CryptoGOV

22 Mar 2024 19:39

well, two entirely different things. Spending has nothing to do with it. They are called "income" taxes for a reason, only when you earn/receive income or realize gains/losses.

CryptoGOV

22 Mar 2024 19:37

Can’t pay taxes when I didn’t spend anything 🫡

CryptoGOV

22 Mar 2024 18:28

if your holdings are currently in the red, consider a wash sale to realize capital losses to offset capital gains for the year. You can't do this in trad-fi, but since crypto is property, you can sell and buy back same day without any issue. Lock in the loss on paper, if needed.

CryptoGOV

22 Mar 2024 05:11

I forgot what taxes are for a bit there.

CryptoGOV

25 Feb 2024 18:26

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CryptoGOV

25 Feb 2024 17:50

I keep separate records too. Koinly does help a lot though.

CryptoGOV

24 Feb 2024 21:06

I’m just manually making my spreadsheet. I don’t trust Koinly or any others although I have that too just in case.

CryptoGOV

06 Feb 2024 15:46

I just sync my wallet address on koinly. Is that what you mean ?

CryptoGOV

06 Feb 2024 15:27

explorer cannot sync properly the blockchain ?

CryptoGOV

06 Feb 2024 15:26

The problem is koinly rely on the explorer and have issue aswell. Guess we have to wait

CryptoGOV

06 Feb 2024 14:43

what is wrong with pulsechain explorer since 2 weeks ago ?
Many transactions not showing on the explorer.

CryptoGOV

19 Dec 2023 07:59

Nope, not realize. "Realize" is the wrong word, except when you sell.

"Yes" to moving there when your crypto assets are low.

CryptoGOV

19 Dec 2023 05:13

They make u "earmark" your existing gain/losses when u move there. But you don't pay the NonPR tax until you sell.

CryptoGOV

19 Dec 2023 05:04

Clearly not an exit tax, but, yes, if u move in a bear market, the cost basis of your assets will be lower, which means lower income or gain apportioned to nonPR income and higher apportioned to PR income when you sell an asset.

CryptoGOV

19 Dec 2023 04:51

I don't believe there is an exit tax if you move there from another part of the u.s., unlike renouncing u.s. citizenship. However, when u sell an asset, there will be a distinction between non-PR income and PR income, which would be based on when you changed residency (from nonPR to PR).

CryptoGOV

22 Mar 2024 19:39

If you bartered one asset for another in the U.S. in a non-retirement account, you have a taxable event regardless.

CryptoGOV

22 Mar 2024 19:24

I’m kinda kidding.. I still pay taxes, and crypto taxes… but I don’t use Koinly and I don’t give them everthing
Also haven’t realized a ton of gains

CryptoGOV

22 Mar 2024 16:03

Pretty crazy to hear. Not saying that is correct. But when I looked for my taxes at the same place where I bought my tokens (coinbase) and it shows 0 in "profit" .

Paying your for dashboard money is like paying on a lotto scratch off, winning it big on that paper.. paying taxes before you make the transaction to get the money to begin with at the register lol. You kno? Where I bought in to crypto I haven't sold back yet to the dollar. Haven't had any problems for years.. just sharing my experience. Hope this helps people sleep better at night if you got unrealized huge gains

CryptoGOV

22 Mar 2024 04:57

Big reset is comin soon so I stopped paying them

CryptoGOV

25 Feb 2024 17:52

A standard part of a settlement is no admission of wrongdoong, so the settlement can't be used against you in another matter.

CryptoGOV

25 Feb 2024 17:22

you cant settle or you get indicted right ?

CryptoGOV

24 Feb 2024 19:30

Anyone know of an explorer where we can download transaction .csv 's for tax reporting? Thanks

CryptoGOV

06 Feb 2024 15:31

You could use api to read blockchain if you can’t wait for others to make a front end for you

CryptoGOV

06 Feb 2024 15:27

can you explain me in simple words, how to have issue when we can view everything on the blockchain ?

CryptoGOV

06 Feb 2024 15:23

they have had some hosting issues, I believe. The team is working on it, but you can try some of the alternate explorers like Otter or 9mm

CryptoGOV

25 Dec 2023 06:12

I can confirm I have the same issue. I get the following message error on Koinly: "Something went wrong while syncing, try again in a few minutes or contact support." And, I know this worked prior. I can no longer sync too. 😩

CryptoGOV

19 Dec 2023 05:30

Yay it’s that time of year where this chat is active

CryptoGOV

19 Dec 2023 05:10

But they make you realize your existing gains/losses on your current crypto when you move there. Hence the suggestion to move there when prices are low.

CryptoGOV

19 Dec 2023 05:00

I'm not sure if the actual term is "exit tax", but I've watched multiple of crypto youtubers (including RH) saying to move to Puerto Rico during a bear market because you'll pay taxes at a lower price.

CryptoGOV

19 Dec 2023 03:57

There are three laws of robotics