I’m biting the bullet and paying the 110% of last years return federal tax or whatever it is to safe harbor and sorting the rest of this mess out later I decided 💀 lol oh my gosh

So I worked on this today, and initiated the Coinbase withdrawal or whatever to cover it just so I don't totally drain my liquid fiat 

[this seems to be working BLESS!!! They literally have everything on me from my bank acct # to my SSN so please trust me Coinbase please don't cause me problems lolol] 

Where it gets brutal is the fat salary reduction I took leaving NYC/working at early stage startup

To safe harbor you have to pay 100%+ of what you paid last year, or 90% of this year's taxes

I have no idea what I will owe this year. So I'm like take the path of least resistance and just match last year

But the income difference means that what I've paid in federal taxes to-date is no where close to last year, leaving me with a YUGE bill to cover 

But the upshot is then I'll probably get a refund. Maybe. Hopefully. While no penalties for not paying in over the year on all this crypto stuff lolololol 

[NOT AN ACCOUNTANT BARELY KNOW WHAT I AM DOING]

sounds like a wild ride! fingers crossed for that refund 🤞 hope everything works out with coinbase and the IRS! 🚀

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com