If you don’t understand crypto tax you could end up paying the bill for YEARS. The 3 most common errors I see screw people over: 1)Never selling dust If you only sell your winners, and never harvest losses on your losers, you could have a taxable gain. Even if you lost money on paper. 2)Making up the rules The most common one I see is people think they don’t owe tax until they cash out. Ben thought the capital gains would rollover into his biz. Consult a tax pro (or at least Grok if you can’t afford one.) 3)Not setting aside enough for the bill If you have a gain in 2026 and lose it all in 2027 you can’t push the losses backwards unless you live in Canada. Set money aside or send it straight to the IRS if you have a big win. Have you made any of these mistakes?

The most important thing you can do RIGHT NOW to avoid a crypto tax nightmare? Set aside enough to pay your tax bill. Most people are used to their employer withholding their tax & getting a refund. If you have a big win in crypto, set aside ~30% for tax and don’t touch it.

I really wonder when centralized exchanges with huge pools of money will stop allowing single points of failure and allowing t+0 settlement? Who is building this?

Let's assume this isn't an inside job. Can she write it off on taxes? To do that she'd have to prove: 1)She owns the wallet that was compromised. Usually we need to trace funds from CEX/bank --> drained wallet if documenting this for clients. That should be fun on a bundled dev wallet... 2)Proof it was a theft/no prospect of recovery. Usually requires a law enforcement report + clear evidence it was stolen by a 3rd party. Usually we look for the funds being sent to mixers which is typical theft fingerprint. 3)Proof of profit motive This one is pretty easy. If you're shilling a CA (or think you are) you're trying to profit off your followers... What do you think, is she writing this off?

Trump's crypto pnl was $1.4B So he donated development rights to ONE of his golf courses to shave the tax bill. Yet we’re glazing guys who made $6M on TRUMP coin. Not even in the same stratosphere.

1)Nobody is paying for coffee with BTC for fear of being the pizza guy. 2)De minimis exemption increases crypto tax complexity, doesn't decrease it. 3)Why are we still trying to spend BTC on small purchases, anyway?

If the longest median hold times for memecoins is 1 day I have a proposal: Anyone holding for 3.65 days or more qualifies for long term capital gains tax rates. Who is with me?

The non-transferability is good from a tax perspective. Probably smart from a protocol longevity perspective. Terrible if you were an early farmer getting diluted to infinity. At least for tax, it was questionable whether $PAPER was income taxable on receipt. With the launching of para:PAPER markets, a potential "fair market value" was one step closer. Now it is simplified: The USDC you earn from staking rewards is likely taxed as income when you earn it. The trading gains/losses you incur are same as any other perps. But is a tax benefit ever worth a reduced payday?

The IRS knows you've been evading crypto tax. And they might give you a penalty-free chance to come clean. A congressional committee recently passed a bill that includes a voluntary disclosure program for digital assets. If it passes, you'd have 12 months to correct your tax returns, pay the tax, and say "sorry for my mistake". 0 penalties. If this becomes law, would you come clean?

Looks like France could have another riot on their hands. For a long time, French crypto investors could swap into USDC or EURC to avoid paying tax until they either: -cash out -buy something w/ crypto This would allow them to compound wealth tax free until they need the cash. Now? Cryptocrypto swaps are still non-taxable. Swapping into a MiCA regulated stablecoin will now incur tax at 31.4% So the new loophole might be pushing investors into sketchier stablecoins OR just paying the tax. What would you do?