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re: Official CryptoTalk Thread

Posted on 1/24/19 at 9:46 am to
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
25949 posts
Posted on 1/24/19 at 9:46 am to
Our resident TA master says more falling coming. Going to try to be patient like he said and get a bit more bang for the buck. Not a bad accumulation zone regardless.


ETA
quote:

I really should of went ape shite at .19 but held back. FML.


Yea, hindsight is a bitch
This post was edited on 1/24/19 at 9:47 am
Posted by gobuxgo5
Member since Nov 2012
10032 posts
Posted on 1/24/19 at 10:06 am to
So regarding taxes, every time I swapped a coin for another coin, I technically sold property as a short term gain? So do I report the hundreds of transactions as such?

Also the way this works (since short term losses are capped) could be:

You made $10,000 then lost $20,000

But you’d report you made $7,000 to be taxed because the cap for losses is only $3,000?

Wtf is this right?
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