Paul Ponzi, CPA

Crypto x Tax | ''That's already priced-in, buddy'' - Paul 'priced-in' Ponzi

[Paul Ponzi, CPA @PaulPonzi_]

@Dumpling_Dan @SatoshiChad @jimbo_falcon on the left. Myself and @haamwallet on the right. Long term horizons vs short term thinking.

[Paul Ponzi, CPA @PaulPonzi_]

@phtevenstrong @midasworkss @TCoil707070 @thedefiedge What do you wear during the 1 on 1s?

[Paul Ponzi, CPA @PaulPonzi_]

@Route2FI Check out Bellevue, Washington

[Paul Ponzi, CPA @PaulPonzi_]

@haamwallet @jaxelburgh @SatoshiChad What's your favorite chocolate milk brand?

[Paul Ponzi, CPA @PaulPonzi_]

@coinbureau What's the appeal of CB stock? To buy CB stock, you have to believe in crypto, but if you believe in crypto, why wouldn't you invest directly in the technology aka buy the coins?

[Paul Ponzi, CPA @PaulPonzi_]

@jaxelburgh What do you drink, Joshua?

[Paul Ponzi, CPA @PaulPonzi_]

@lambherder_

[Paul Ponzi, CPA @PaulPonzi_]

@Route2FI The corporate structure is just a pyramid scheme

[Paul Ponzi, CPA @PaulPonzi_]

@TheBallnChikn @0xMoonbags @avalabsofficial @TwoPeasNAPod2 @steph_p13 @0xCampfire @necessarygrowth @ChiknWizard @hoopdreamsbball @feath3r_eth @Honesty_Farms @SatoshiChad @jimbo_falcon we going?

[Paul Ponzi, CPA @PaulPonzi_]

@Dennis_Porter_ Income when received. Capital gain/loss when spent. You don't pay additional tax on the basis you've already paid tax on. The capital gain/loss is the difference b/w basis and FMV when spent.

[Paul Ponzi, CPA @PaulPonzi_]

@BlockFi It's 2022, and the @SECGov allows politicians to trade on insider information but does not allow retail investors to earn interest on crypto holdings.

[Paul Ponzi, CPA @PaulPonzi_]

@bankless Baby boi Zuck forget about his failed Libra crypto project? Seems like this is headed the same direction.

[Paul Ponzi, CPA @PaulPonzi_]

@WatcherGuru Do current insider trading laws cover cryptocurrencies? Curious if there is any precedent yet.

[Paul Ponzi, CPA @PaulPonzi_]

@MuskTeflon @louiseivan @justinfiddes @TO @HoppersGame Eyo Tef how many times do I have to show you my coq before you get one for yourself?

[Paul Ponzi, CPA @PaulPonzi_]

@BlockFi @CelsiusNetwork users that want to continue to earn yield on stables, check out the following dapps on the Avalanche eco #AVAX @Platypusdefi @vector_fi @traderjoe_xyz @yieldyak_

[Paul Ponzi, CPA @PaulPonzi_]

@blockworks @SatoshiChad bought an egg sandy for $25 + tax yesterday!

[Paul Ponzi, CPA @PaulPonzi_]

@sassal0x The problem is people do not understand/care about taxes until it's time to file. Once you take the step from buying & holding to defi, gamefi, etc, it very important to have at least a basic understanding of the tax implications of each type of crypto transaction.

[Paul Ponzi, CPA @PaulPonzi_]

@MauroG_Crypto @yieldyak_ To clarify on the nontaxable event:
1) Pool tokens=cap G/L on tokens pooled. LP token basis=combined USD value at time of txn
2) Deposit LP token @yieldyak_ =nontaxable. Fair to assume yield is nontaxable when earned
3) Withdraw LP=cap G/L. Combined USD asset value minus basis

[Paul Ponzi, CPA @PaulPonzi_]

@haamwallet @justinfiddes Hard to believe your wallet is made entirely of ham. Must have some added ingredients