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

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Going to repost this one again since it had zero input posting before Thanksgiving.

#asknostr #wallet #bitcoin #taxes #accounting #spreadsheet

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I can only answer the seed phrase question: it can be finicky, but both wallets are supposed to work from the same key. If it goes wrong, most issues can be fixed by reinstalling from the same seed again. Issues can come from bad wallet code, a bad node, a bad internet connection, a long time (months/years) leaving the wallet closed, or any combo of these

Hmm - and I know I could just create a separate wallet for her with a token amount of sats so she could get accustomed to using it...just seemed like it was theoretically possible (but perhaps not practical) to have a shared wallet. I definitely do not need to create a bad user experience where something doesn't work and she panics as I restore from the seed phrase again!

You can also have any number of extra wallets just for viewing and even if they ever have trouble syncing with the network, they'll never interfere with the transacting wallet