You are viewing a single comment's thread from:
RE: How to grow your crypto investment completely tax free (US residents)
I hope you hire another lawyer because you are going to owe more than 10%.
I hope you hire another lawyer because you are going to owe more than 10%.
I have been using CoinTracking for the past two years and all I can say are good things. One of the smartest customer support I've ever experienced. I've used about 4 other portfolio tracking, and none come close to what CoinTracking offers, usability and design is great.
The companion app is amazing as well. Now I can quickly see a snapshot of all my investments, regardless of where they are located, in one easy to use app.
Although the free version is good, import each CSV file from each exchange is time consuming, with the PRO version all your transactions are up to date with one time setup.
You can use my affiliate link which gives you 10% discount.
Hope this helps!
I want to learn the bookkeeping for crypto, in order to better understand what my tax clients are dealing with. I expect I will have to start with the free version so that I can see what it is like to import each CSV file from each exchange. Then I will probably add the PRO version, and try the app.
LOL.
Let's consider that he doesn't have to go that expensive to find that he owes more. A good EA or CPA can straighten him out. (Please consider throwing the work our way when you can Amirnoir.)
I suspect the lawyers did everything correctly, but lordsaroman missed that an early withdrawal will incur the 10% penalty, AND there will be income tax due on the part of the withdrawal that is earnings.