What You Should Know About #crypto to Do Your #taxes
▻https://hackernoon.com/what-you-should-know-about-crypto-to-do-your-taxes-bda1cd06be4d?source=r
A couple of weeks ago, a friend of mine who is an active crypto trader told me he’d wrapped up his personal taxes. He’s a die-hard, anti-system kind of a guy, but he made sure to do everything to a tee because you never know what broke governments are willing to do.After recording every single transaction, his supporting documents came out to more than 10,000 sheets. More sheets than the IRS will even allow you to submit. I have to say, that made me very glad to be in the HODL camp.If you are a US citizen or resident, the hard truth is that you’re dealing with one of the most complex tax systems in the world. On top of that, if you’ve actively traded crypto or used it to buy and sell goods over the last year, your life just got far more complicated.Hopefully, by now, you’ve already enlisted (...)