As the tax deadline approaches on Monday I thought I'd post a friendly reminder. Mostly because I have just finished mine with days to spare and I felt like celebrating having this annual nightmare behind me. I was somewhat surprised to see that online tax preparers have added a lot of information for crypto to make taxes much more simple. Mine even linked with my exchanges and pulled in all my sales information. That was a great help. Granted, all of the cost basis were way off as the exchange only knows when you sent the funds to them unless you purchased there, it was still a nice head start and caught a few altcoin sales I had forgotten about.
My experience is that the cloud over crypto taxes is becoming clearer with each passing year and hopefully in a few years it's not even a concern.
What was your crypto taxes experience like compared to prior years?
I've been declaring and paying taxes on crypto for seven or eight years now. I lack some visibility into how things have changed since I just have CPA do this stuff, but it certainly was ambiguous back in the earlier years. I could almost certainly have 'saved' hundreds of $K by just ignoring 'my' taxes and gotten away with it. Ultimately I dealt with the problem (the ethics of supporting a truly evil political entity which is killing and exploiting people all around the world) by just not having very many capital gains. I'm only going to live another two or three decades at best; what do I need to 'gain a lot of capital' for anyway?
There are a ton of very worthwhile efforts going on around the world, and they typically could be more effective with some funding. If just a few of them pan out then there might be a hope of shrugging off the WEF types 'great reset' and 'Agenda 2030' and that sort of thing which is nothing more than a eugenics-based neo-feudal system which I want no part in either as a
lord or as a
serf...and which few non-elite bloodline people would survive very long in anyway even if they do enthusiastically play ball. Anyway, charitable contributions do not result in a capital gain, and especially when the beneficiaries have no idea who even sent the funds.
Oh, one more tax thing that I do: I make sure to declare enough taxable income to stay above the poverty level, and indeed sometimes even pay taxes I don't owe in order to achieve this. The reason why is that I am afraid that if, by state or federal rules, 'benefits' are granted automatically to 'the poor', they might come with strings attached. Say '
medicaid for all poor people'. Then later on you might be pressured to comply with policies which are part of that program (e.g., getting the government arranged covaids jab.) Also I worry that they will come after what real-property I do own to recoup the 'benefit' they gave me (against my knowledge or will) in earlier times. In my case as someone who does own '
lands', and private ownership of 'land' has been chaffing the 'Agenda 2nnn' people (and their 'sustainable' eco-scammer minions) for 50 years or so, I'm expecting it to come under increasing attack using all manners of underhanded deceit.
