Two #asknostr questions:
- I want to setup my wife for a wallet (likely Muun, Speed or Breez for ease of use). In the case of Strike, I guess I'd just provide my login credentials. However, in the case of the other wallets, as long as I import/recover a wallet using the 12/24 words, we should both be able to initiate transactions and maintain updated balances across both wallets, right? I know this is a simple question...I assume the answer is "yes"...but want to verify.
- Has anyone created a spreadsheet to do "by lot" drawdowns on BTC? I keep a spreadsheet of BTC purchases with date/quantity/cost basis/gain-loss/etc. However, as I start trying to contribute more to the circular economy...or simply start living more on a #bitcoin standard with as little as possible in fiat...I'm going to need to plan on efficient tax handling. Rather than doing LIFO/FIFO, I'd like to do "by lot" when calculating the cost basis. I want to hand something bulletproof to my accountant since he will not inherently understand bitcoin. Of course, this would become a non-issue if Trump would get bitcoin declared legal tender with no capital gains going back and forth between bitcoin and fiat.
#taxes #wallet #accounting