I’m a licensed CPA in the US. If you need help navigating the tax implications of the $UST $LUNA and overall #crypto / #stock market crashes, comment here or DM me. No charge.
I don’t have a large network here so please retweet if you think this is valuable to the community. 💛
Creating a hopefully-concise pre-buy/sell checklist to keep on hand. Curious for feedback. Here’s the draft:
Pre-Buy/Sell Investment Checklist:
1) Are you acting emotionally?
2) Are you buying into hype or selling into fear? If yes, do you have a clear reason for it?
cont…
7) Is there [growth of] demand for the asset?
8) Will general market volatility affect the assets attractiveness?
9) Have you objectively assessed arguments against the asset?
10) Have you created an exit/entry plan?
11) Is the asset a proxy of or leveraged play on another asset?
@holdtightyeah Yea I noticed that as well & personally I’m not a huge fan, b/c what about deposits from other wallets that you own? May be best to leave blank & go thru manually to ensure accuracy? Personally I track every transaction on a spreadsheet so maybe there’s something I’m missing here
While many companies in tech & finance are freezing hiring or laying people off, tons of companies across the bitcoin and crypto industry are hiring like crazy.
Hundreds of open roles. Work in-person or remote.
Great pay. Great benefits.
APPLY: https://t.co/EaWrk2lCb3
Contradiction between my desire for crypto to grow beyond finance and my realization that finance (incl payments+SoV) is still by far the most successful category of crypto apps, *especially* among third-world residents, human rights activists and vulnerable people generally.
@bankmouse32 Your capital losses for the year will first offset any capital gains for the year. Any losses left will be deducted against your total income for the year up to $3,000. Any losses in excess of that $3,000 will carryover to future years, which will follow the same process
I’m a licensed CPA in the US. If you need help navigating the tax implications of the $UST $LUNA and overall #crypto / #stock market crashes, comment here or DM me. No charge.
I don’t have a large network here so please retweet if you think this is valuable to the community. 💛
$UST $LUNA Tax Implications 🧵. Comments & DMs open.
Possible scenarios:
1) Holding $UST $LUNA & #terra tokens in underwater positions
2) Sold $UST for losses
3) Sold $LUNA / #terra tokens for losses
4) Liquidated on leveraged positions
5) Lost entire net worth via above
Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country.
The proposal on the official Terra Agora forum, authored by someone's name "Fatman"
This proposal is now likely the most realistic and most beneficial solution out there
Read the full proposal here 👇
https://t.co/GJwwMLupjA
$UST $LUNA #LUNAtics