I know there is a lot of concern on the #SafeHarbor #IRS #tax regulations coming to the USA for #bitcoin. I personally hope to continue to do specific lot identification, and plan on using CoinTracking.info software to run the ZERO PnL strategy. I’m curious if anyone else is in a similar position? I guess I still need to make a time stamped document to declare my wallets prior to 2025 as using this strategy, and if not allowed, my intentions to use a HIFO (highest cost first out) fallback? I am not an expert but I don’t want FIFO or HIFO if possible. https://cryptotaxgirl.com/blog/safe-harbor-instructions/
My cointracking referral code is https://cointracking.info?ref=B178627 - I highly recommend their software.
benjaminchodroff / Benjamin Chodroff
npub1ne…zqulg
2024-12-30 10:04:36
Author Public Key
npub1nep6hm6fpl740n0nnsap442d0yf670lk0qw9yxv6k7s2tky5ea0s8zqulgPublished at
2024-12-30 10:04:36Event JSON
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"content": "I know there is a lot of concern on the #SafeHarbor #IRS #tax regulations coming to the USA for #bitcoin. I personally hope to continue to do specific lot identification, and plan on using CoinTracking.info software to run the ZERO PnL strategy. I’m curious if anyone else is in a similar position? I guess I still need to make a time stamped document to declare my wallets prior to 2025 as using this strategy, and if not allowed, my intentions to use a HIFO (highest cost first out) fallback? I am not an expert but I don’t want FIFO or HIFO if possible. https://cryptotaxgirl.com/blog/safe-harbor-instructions/ \n\nMy cointracking referral code is https://cointracking.info?ref=B178627 - I highly recommend their software. ",
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