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Instructions and Help about 1099 ltc 2022
Oh my gosh seriously I thought 2022 was supposed to be a good year probably no go and I'll tell you why this crypto crazy thing the whole worst tax overhaul ever is gonna kill day traders cryptocurrency egg even long-term it's it's just not gonna work now let me explain why you still have to pay your taxes and you can't evade them you can't just simply not pay them it will catch up with you so regardless you're gonna be paying something we all know that so what I did is I came over here to Bitcoin taxes so it's Bitcoin dot tax it's not a dot-com and it's free to use if you have under a certain amount of transactions for that year I forget what that threshold is unfortunately and I believe that it's even 30 or 40 dollars per tax year if you want to use if you have more transactions than that so obviously as you can see here I have premium for 2022 because that's all I had I've only been doing this since like November and maybe October something like that but it hasn't been all that long and with this you can import quite a few things so you can tell you can import the trains from all of these different things including one which is CSV so if you have an exchange or something that's not listed here you want to import with CSV it'll calculate everything it import it all that way or you can put them in individually if you really want to do it that way but it supports that so I so you'll notice coinbase and G Dax each have an entry here even though G taxes in my coin base they are two different things or at least that's how they're set up so in this case I have an API set up under view only for both coinbase and G tax and I can come in here and I can directly import and it'll pull in everything using that API everything up to right now so obviously everything from 2022 is gonna get pulled in because that's what there is and also you have to do that with G Dax just pulling it coin based is not also full in G Dax they're two different things remember that so after you've done that we've imported you'll notice that there's a difference between I and sell and there was November I had nothing in October I did start in November so I only had two months and I put in out of my pocket from bank account I believe it was like five hundred dollars I did it a nice even Mouse like 200 100 200 and that was that when I closed the year a 2022 I had nine hundred and fourteen or something we'll call it nine hundred dollars for simplicity sake here so I made four hundred dollars I'm sorry I.