keccers
@keccers.eth
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]
4 replies
0 recast
10 reactions
triumph
@triumph
SPEAKING OF SAFE HARBOR i hope u filed the safe harbor form for crypto tax classification by midnight 12/31 (not to make you nervous or anythingš¤ )
2 replies
0 recast
2 reactions
keccers
@keccers.eth
Uh, no lol
1 reply
0 recast
1 reaction
Greg
@greg
It got delayed, no need to stress https://finance.yahoo.com/news/irs-delays-implementation-crypto-cost-173100985.html āThe IRS has now postponed the automatic application of the FIFO rule until Dec. 31, 2025, allowing investors to maintain their own accounting records until that dateā
1 reply
0 recast
3 reactions
