Better safe than sorry.
I don’t like the IRS any more than anyone else does. But if I ever decide to sell in the future, I’d prefer to start from a position of good faith and compliance.
There are only two days left to take advantage of the Safe Harbor under Revenue Procedure 2024-28.
Oh no! What if I don't do it will they take my private keys away?! If the IRS wants you to identify your coins for them, to what ends do you think they are going? It's much easier to take your stuff if they know how much you have. This is where rubber meets road and people are exposed as LARPers.
Hey what's the cost basis for every baseball card you own, or other collectible. Do you not see that as ridiculous? Would you comply with that mandate? Governance demands you complicity.
Not my keys not never
Thanks for the heads up. Did you use the open timestamp method for date verification. Seems the best way.
Open timestamps yep https://opentimestamps.org/#
