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Topic: Do I really have to pay taxes on crypto investments? - page 32. (Read 2483 times)

newbie
Activity: 140
Merit: 0
Member
Remember the IRS’ Section 1091 wash sale rule about “30 days”.
what’s the rule?
the rule requires that no loss on sale be permitted if the same or almost identical security was acquired within 30 days after the transaction, which led to the loss. This means that 30 days before the sale or 30 days after.
newbie
Activity: 112
Merit: 0
Remember the IRS’ Section 1091 wash sale rule about “30 days”.
what’s the rule?
newbie
Activity: 140
Merit: 0
Member
Remember the IRS’ Section 1091 wash sale rule about “30 days”.
newbie
Activity: 112
Merit: 0
I read a lot about what is Tax Loss Harvesting..it still seems unclear Sad((
it is a strategy to reduce taxes when you experienced a loss.you sell an asset that lost in value  in order to realize a loss.. this loss can compensate short-term capital gains for the year or ordinary taxable income ($3,000 per year).
is it really helpful?
some say it can increase after-tax annual return by between 0.15% and 0.25% per year.
newbie
Activity: 140
Merit: 0
Member
I read a lot about what is Tax Loss Harvesting..it still seems unclear Sad((
it is a strategy to reduce taxes when you experienced a loss.you sell an asset that lost in value  in order to realize a loss.. this loss can compensate short-term capital gains for the year or ordinary taxable income ($3,000 per year).
is it really helpful?
newbie
Activity: 112
Merit: 0
I read a lot about what is Tax Loss Harvesting..it still seems unclear Sad((
it is a strategy to reduce taxes when you experienced a loss.you sell an asset that lost in value  in order to realize a loss.. this loss can compensate short-term capital gains for the year or ordinary taxable income ($3,000 per year).
newbie
Activity: 140
Merit: 0
Member
I read a lot about what is Tax Loss Harvesting..it still seems unclear Sad((
newbie
Activity: 112
Merit: 0
Help me out with turbotaxx!! anyone???
do you already have acount on Zen??
yesss
okay,, so first login to ZenLedger, create reports and load TurboTax files. click Download TurboTax files. you will receive zip file. if you have Turbo desktop then use txf file, if you are working online, use csv file.
I use the online version…
It’s ok. so log into TurboTax Online, click on Take me to my Return and Federal on the left of the page. Then click Edit/Add to the right of Cryptocurrency. Choose “Add More”, select ZenLedger and click “Continue” on the bottom right. Drag and Drop or click the Turbotax csv from ZenLedger. That’s it!!!
I appreciate it..!!:)))
newbie
Activity: 98
Merit: 0
Help me out with turbotaxx!! anyone???
do you already have acount on Zen??
yesss
okay,, so first login to ZenLedger, create reports and load TurboTax files. click Download TurboTax files. you will receive zip file. if you have Turbo desktop then use txf file, if you are working online, use csv file.
I use the online version…
It’s ok. so log into TurboTax Online, click on Take me to my Return and Federal on the left of the page. Then click Edit/Add to the right of Cryptocurrency. Choose “Add More”, select ZenLedger and click “Continue” on the bottom right. Drag and Drop or click the Turbotax csv from ZenLedger. That’s it!!!
newbie
Activity: 112
Merit: 0
Help me out with turbotaxx!! anyone???
do you already have acount on Zen??
yesss
okay,, so first login to ZenLedger, create reports and load TurboTax files. click Download TurboTax files. you will receive zip file. if you have Turbo desktop then use txf file, if you are working online, use csv file.
I use the online version…
newbie
Activity: 98
Merit: 0
Help me out with turbotaxx!! anyone???
do you already have acount on Zen??
yesss
okay,, so first login to ZenLedger, create reports and load TurboTax files. click Download TurboTax files. you will receive zip file. if you have Turbo desktop then use txf file, if you are working online, use csv file.
newbie
Activity: 112
Merit: 0
Help me out with turbotaxx!! anyone???
do you already have acount on Zen??
yesss
newbie
Activity: 98
Merit: 0
Help me out with turbotaxx!! anyone???
do you already have acount on Zen??
newbie
Activity: 112
Merit: 0
Help me out with turbotaxx!! anyone???
newbie
Activity: 140
Merit: 0
I believe that in all countries the government will not leave such a delicious piece of cake.
newbie
Activity: 112
Merit: 0
Everyone will pay taxes or be faced with huge fines.
First of all, they will look for large players, tax dept of $100 are of no interest to anyone.
newbie
Activity: 98
Merit: 0
Everyone will pay taxes or be faced with huge fines.
newbie
Activity: 112
Merit: 0
What will they sue me for? the farm on the balcony?
Until there is a cruel policy like in the USA, when you are really imprisoned for tax evasion, by all means people will try to evade taxes
Well, it’s a clear matter, because you don’t want to voluntarily give your honestly earned money to those who not only didn’t help you earn it, but with 99% probability they will send these funds not to good and the development of society, as expected, but to satisfy the needs of themselves ...
yes, it is difficult to influence this, or to accept it.
I believe that I have the right to say that it is unfair. Why the government should always interfere all we do and tax all that we earn?
traders owe the government about $25 billion in taxes on income received from cryptocurrency transactions. How do you suggest to resolve this situation? The IRS will never let them get away with that.
newbie
Activity: 140
Merit: 0
Member
What will they sue me for? the farm on the balcony?
Until there is a cruel policy like in the USA, when you are really imprisoned for tax evasion, by all means people will try to evade taxes
Well, it’s a clear matter, because you don’t want to voluntarily give your honestly earned money to those who not only didn’t help you earn it, but with 99% probability they will send these funds not to good and the development of society, as expected, but to satisfy the needs of themselves ...
yes, it is difficult to influence this, or to accept it.
I believe that I have the right to say that it is unfair. Why the government should always interfere all we do and tax all that we earn?
newbie
Activity: 112
Merit: 0
What will they sue me for? the farm on the balcony?
Until there is a cruel policy like in the USA, when you are really imprisoned for tax evasion, by all means people will try to evade taxes
Well, it’s a clear matter, because you don’t want to voluntarily give your honestly earned money to those who not only didn’t help you earn it, but with 99% probability they will send these funds not to good and the development of society, as expected, but to satisfy the needs of themselves ...
yes, it is difficult to influence this, or to accept it.
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