Replying to Avatar Hoss

Just adding more compliance cost. A hidden tax. Having said that, you could have a wallet of each accounting method, and have the optionality to keep the tax bill to a minimum (0). For example, oldest coins can be used on low income years (less than 40k) to lower your long term cap gains bill to 0.
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Rich Nost 1y ago

I don't know if you can have homogenous cost basis strategies. My impression was that you had to apply the same strategy to each.

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Rich Nost 1y ago 💬 2

And that the strategy has to be the same going forward for future taxes

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Hoss 1y ago

Well that’s bullshit 🤮

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Rich Nost 1y ago 💬 1

What you are describing is exactly why these safe harbor rules now exist. People started strategically picking and choosing the most advantageous strategy

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Hoss 1y ago

Interesting. The real solution is to rid of capital gains tax on #bitcoin as it is a tax on our refusal to be debased. But until then, Inlove your idea here 😂 nostr:nevent1qqsx9t9vaa70dau5u0ehj0d7pd0dhqu8ma08e0qz885cv97qd4g7qwspzpmhxue69uhkummnw3ezuamfdejsz8rhwden5te0dehhxarj9ekh2arfdeuhwctvd3jhgtnrdaksz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqz9nhwden5te0wfjkccte9ehx7um5wghxyctwvsdl2s2v