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Planning out the next few issues of my newsletter "Living on Bitcoin." Started getting a lot of questions from newcoiners about it and trying to address their questions and concerns. Maybe even simplify the message more.
Still messing around with wallets that suit my needs... Really happy with Sparrow and Phoenix Wallet. Incorporated Edge Wallet now as well. Pretty solid (on-chain only) wallet and I like the TX QuickBooks export is super helpful. Breez does a CSV export, but if only it would also put the exchange rate as well, then that'd be the go to mobile wallet.
Yeah, reporting sucks... but getting audited sucks even more.
I gave up on reporting a long time ago. Not tax advice but I just try the best I can and click submit. If I mess and I get audited again just try your best to comply and just pay whatever is owed.
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I hear you. Similar situation, though I've learned that when it comes to it, better to have and no use than to not have and need it.
"Guilty until proven innocent" is the current lay of the land.
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You are correct. Just a shame governments shake down people for nickels and dimes. All the time wasted dealing with taxes.
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And all the money wasted printing and mailing out letters for the dumbest things too. Received 4 identical letters stating that they've updated my address... What a waste of tax payer dollars...
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Or the money loaned to the government by treasuries purchased by the Fed.
because USA been deficit spending forever it seems and our tax dollars don’t cover the federal budget!
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