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Shehan
CoinTracker
@TheCryptoCPA
Head of Tax @CoinTracker (YC W18), Tax Analyst @forbescrypto, Ex @ColumnTax (acquired), Angel Investor Opinions are my own and not tax advice.
Austin, TX
Joined July 2009
Posts
  • Pinned
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    The IRS just quietly saved crypto investors from a massive tax headache by issuing Notice 2026-20. This is the most important update you haven't heard of yet, which is applicable to the 2026 tax year. Let me explain. ๐Ÿงต
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    Web 1.0 - Read-only. Web 2.0 - Read & write. Web 3.0 - Read, write & own.
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    Heads up, crypto investors! The IRS is making BIG changes starting Jan 1, 2025, and if you donโ€™t prep now, you could pay more in taxes or face penalties. Hereโ€™s what you need to do before the year-end to avoid penalties, save money, and stay ahead of the game. ๐Ÿงต
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    Crypto is the place where everyone feels late when they arrive.
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    Dave Ramsey math to become a millionaire by 30. - Pay off your 1.5% mortgage. - Pay off your 0.9% car loan. - Buy a 2K used car so you can have 10K of repairs. - Use debit cards, not credit cards. - Don't allocate even a tiny bit to #btc - Make coffee at home.
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    Breaking: The IRS just issued a temporary relief notice that is good news for crypto holders interacting with CeFi exchanges in 2025! TEMPORARY RELIEF UNDER SECTION 1.1012-1(j)(3)(ii ๐Ÿงต
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    Bitcoin is backed by .......
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    Think you can hide your crypto gains from the IRS? ๐Ÿค” A Bitcoin investor just got sentenced to 2 years in prison for false reporting. Here's what happenedโ€”and what you need to know to stay out of trouble ๐Ÿงต
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    Honest question: have you seen use cases for SOL network other than launching meme coins?
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    The IRS will make more money from crypto than anybody else.
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    If you ever feel bad, just know that one of my clients lost 2B worth of BTC. He/she can see the balance on the wallet, but no private key.
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    A few hours ago, the IRS released the highly-anticipated & controversial DeFi regulations. If you are in DeFi, big changes are coming, and hereโ€™s what you need to know ๐Ÿงต
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    Getting a loan against your appreciated coins is a viable option to get liquidity without triggering a capital gains event. But, you will have to pay capital gains taxes if you make more profits from the loan proceeds.
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    20% unrealized gain tax is the most aggressive tax policy I have ever seen.