Getting taxed on the price at the time of receipt is criminal. If you kept the coin and have never sold it is unrealized profit. What happen if when you received the coin it was $400 ... Never sold and now its worth $4. Now you owe tax on a $400 coin when the exact same coin is currently only worth $4 ? Absolutely ridiculous. !!
Great analysis, thank you! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Why would you have to pay taxes on staking rewards if you haven't sold them...that just makes filing taxes later on so unbelievably, unnecessarily dumb
What u guys taking about ???aren’t one family sued irs for tezos staking and won the case and aren’t we no need to pay taxes unless we sell it💁🏼♂️u guys so confusing
@@zeuscrypto130 there is no law yet for taxation on staking. Still waiting on the legislature to create a law or a ruling from the Tezos lawsuit which won’t go to court until March of 2023. The 2 plaintiffs in the tezos lawsuit rejected the refund from the IRS and are trying to force them into making a ruling in their favor.
@@invalidargument2598 exxxxxxaaactly that’s what I’m talking about , but this guys trying to tell us we need to pay, apparently I rather do it myself , thanks for absolutely no help guys 🤦♂️
Full Ethereum imports including OpenSea and Uniswap support are now live at cryptotrader.tax/ ! We will be rebranding the business after April 18, but all functionality is live!
Can you import staking rewards from the Daedalus wallet for ADA? Also, the transaction CSV file downloaded from the Daedalus wallet gives an error for CrytpoTrader.tax and won't auto-import.
Getting taxed on the price at the time of receipt is criminal.
If you kept the coin and have never sold it is unrealized profit.
What happen if when you received the coin it was $400 ... Never sold and now its worth $4. Now you owe tax on a $400 coin when the exact same coin is currently only worth $4 ?
Absolutely ridiculous. !!
literally no CPA I know can help me with staking rewards. unreal..
Great analysis, thank you! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
The software automatically labeled my staking rewards from Coinbase as staking so I don't know why I would have to label each reward as staking.
Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Why would you have to pay taxes on staking rewards if you haven't sold them...that just makes filing taxes later on so unbelievably, unnecessarily dumb
You are right! Haven't sold, why taxes??
What u guys taking about ???aren’t one family sued irs for tezos staking and won the case and aren’t we no need to pay taxes unless we sell it💁🏼♂️u guys so confusing
Not exactly - we'll have a video about that court case very soon!
Check it out here: ua-cam.com/video/rw2QC7o-RgI/v-deo.html
@@coinledger so for now I made 12K In Celsius in stake, so I need to pay tax on it?
@@zeuscrypto130 there is no law yet for taxation on staking. Still waiting on the legislature to create a law or a ruling from the Tezos lawsuit which won’t go to court until March of 2023. The 2 plaintiffs in the tezos lawsuit rejected the refund from the IRS and are trying to force them into making a ruling in their favor.
@@invalidargument2598 exxxxxxaaactly that’s what I’m talking about , but this guys trying to tell us we need to pay, apparently I rather do it myself , thanks for absolutely no help guys 🤦♂️
Great software - Unfortunately not using it atm - but - I'll get back to it when they add the cronos chain & cryptoCom defi wallet can be imported -
When will coinledger be available?
Full Ethereum imports including OpenSea and Uniswap support are now live at cryptotrader.tax/ !
We will be rebranding the business after April 18, but all functionality is live!
need harmony one staking support
👍
legit
Can you import staking rewards from the Daedalus wallet for ADA? Also, the transaction CSV file downloaded from the Daedalus wallet gives an error for CrytpoTrader.tax and won't auto-import.
I had same problem
𝐩𝐫𝐨𝐦𝐨𝐬𝐦 😘