Don't short sell your coins and stop a rally and be taxed more
Today has been a kinder day amongst the overall bear market ; however short term gains are all too often short term gains. Why? Short selling ; an indication of a lack of belief in the longterm performance of your investment. Short selling also changes the way you are taxed in the U.S. in a decidedly negative fashion. The tax authorities have made their intentions clear (while keeping their instructions vague - and they like to be retroactive. Especially here , in the crypto space. Smell fear?) to collect - noting that only several hundred people have filed in the past years pertaining to crypto.
Cointracker.info and other such sites allow for the importation of .csv and also read only API's (which tend to convey more complete information, and be more accurate with crypto paired transactions.) for the more trusting among you.
F.O.G.O. is just as dangerous as f.o.m.o..
Not a financial advisor.
Caveat emptor
Cointracker.info and other such sites allow for the importation of .csv and also read only API's (which tend to convey more complete information, and be more accurate with crypto paired transactions.) for the more trusting among you.
F.O.G.O. is just as dangerous as f.o.m.o..
Not a financial advisor.
Caveat emptor
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