FWIW, to your point of never selling, presumably some future benefactor will sell and your basis might be important. There are tax situations where they get a stepped up basis but that's out of my wheelhouse for sure.
Discussion
I know, and appreciate you.
My family didn't fight, kill and die for freedom only to let some paper pusher tell me to screenshot my net worth.
Go audit Epstein clients you pieces of shit!
I wouldn't screen shot it, Andreas recommends using opentimestamps .org which I think its a good idea. This way. you can just load the state of the allocation on to secure medium and file it away with a way to demonstrate the allocation record was as it says at a certain date and time, i.e., before 1/1/2015. I dont like paper pushers either and I am one. I just dont want to see people getting fucked on principle. I try to talk clients out of litigating on principle all the time because it almost always results in regret even if they win, believe it or not, because litigation is expensive and you dont always get your fees, particularly when the defendant is insolvent anyway.
How is this NOT disclosing everything to be produced upon demand?
Also, why is this even necessary? The only reasons can come up with are the gross incompetence and malfeasance of the IRS in total.
You dont win because the government is stupid. This is creating your record for yourself. So, if in the future, the IRS audits you, you can produce your allocations to demonstrate that your cost basis was calculated properly from a reliable record. You dont have to send them anything now and you certainly don't have to create a record that discloses more than it absolutely has to. Mine, for example, does not include addresses or public keys, or anything like that. Maybe the IRS will not believe me in the future but nothing Ive seen requires such information to be a part of the allocation but of course they haven't provided any good guidance. In short, the IRS has always put the burden on the tax payer to get it right, any errors are resolved to the benefit of the government, so its always been clown world incompetence, but thats the state of things.
Yeah. So, I'm gonna be screwed either way, so, I opt to not do any of that.
🫡
Ignorance is never better than knowledge.
I'm not ignorant, just principled.
BTC is not meant for complying with any authority.
We’re on the same team mate
Sure, but I don't need to like that you want to jump through hoops to make it easier for the fedgov to bend you over.
What should be my first gun purchase
A 16" barreled basic ar15 with at least 10 non-plastic 30 round magazines and 1000 rounds of m193 ammo.
If not that, then a Mossberg shotgun with at least a five round capacity, no longer than 21" in barrel length.
If not that, then a basic 9mm pistol, 1k rounds of 124gr NATO spec ammo and then 200 rounds of a good hollow-point defensive ammo, also with 10 magazines from the OEM.
#asknostr
Why is this necessary? Because the government and its minions think they own everything you earned. They want to control everything and Bitcoin is impossible to control, so they want to make it difficult enough that people avoid it because they are afraid to do it wrong.