Hey all, long time since I've even checked in on CryptoERA. I sold a little over half of my overall investment in May and at that time was up some on that sale, the remaining half I am obviously very down on and I haven't touched since besides looking at Delta's daily updates and making sure to take advantage of some airdrops.
Combining what I have sold and what I am still holding I'm down around 12% without taking taxes into account. I'm trying to prepare myself for the end of the year and get all of my taxes in order, I remember I signed up for some Crypto tax program that I paid for back in January, but I can't remember the name. If someone could jog my memory that would be a big help. Have there been changes in tax standards for Crypto at all? How are you guys approaching taxes?
I'm also just debating selling off the rest at this point (It is almost all ETH, POE, and VET), not sure if I should just hold on at this point or if there is any bright future. I think the concepts behind Crypto remain a bit too abstract for the general public and when the shine of mooning wore off a lot of interest left the more casual investor (including me).
Combining what I have sold and what I am still holding I'm down around 12% without taking taxes into account. I'm trying to prepare myself for the end of the year and get all of my taxes in order, I remember I signed up for some Crypto tax program that I paid for back in January, but I can't remember the name. If someone could jog my memory that would be a big help. Have there been changes in tax standards for Crypto at all? How are you guys approaching taxes?
I'm also just debating selling off the rest at this point (It is almost all ETH, POE, and VET), not sure if I should just hold on at this point or if there is any bright future. I think the concepts behind Crypto remain a bit too abstract for the general public and when the shine of mooning wore off a lot of interest left the more casual investor (including me).