Okay, so regarding this safe harbor bullshit:
If you don't know which allocation strategy to use, why not just create all the different versions of the letters of intent, and worry about which one suits you in 2025? Timestamp them. Notarize them. Who gives a fuck?
Replies (13)
as long as you can prove a cost basis, ignoring it seems fine. Otherwise what's going to happen is when you trade some bitcoin for a property for your family, education, healthcare, or you die and your family inherits your bitcoin, then you'll pay tax with a $0 cost basis.
Nah
Nah? Sounds like you have a lot of experience with the IRS then. What do you think is going to happen by ignoring it?
Rules are always changing. Bitcoin is not understood. Congrats on selling your btc tho for tax reasons
I'm not sure you understand how capital gains taxes work sunshine.
I don’t sell bro
neither do i. Other than buying some coldcards that required me to spend bitcoin because they don't take cash from the country I live in, I haven't sold a single satoshi since 2017
Respect 🫡
Do you spend?
Meh. Only lightning. So They don’t know
tax fraud is a pretty serious thing. Good luck with that
This is war, dude. Good luck licking their boots
yes I pay my taxes. Every penny. I'm not good to my family in a prison cell. But you be that big bad rebel sunshine. Good luck in prison.
