You Won't Believe What These Crypto Traders Did to Avoid Taxes! 😱

Darling, you’ll never guess what these crypto-crazed loonies have been up to! 🤑 Apparently, they’ve been trying to outwit the taxman with all sorts of sneaky tricks. 🤯 From forgetting to keep records to burning their NFTs, these crypto-cats are really living on the edge! 😂 Buckle up, because this tax season is going to be a wild ride! 🎢

First, our dear friend Anthony from KPMG (bless his heart) is warning us that we better not waste a single minute. 🕰️ Apparently, those big exchanges can’t be trusted to give us the right tax forms, and the little guys? Forget about it! 🤷‍♀️ We’ll have to dig through our own records to figure out our gains and losses. 🤯

And get this, we can’t even use the good old FIFO method anymore! 😱 Nope, we’ve got to keep track of every single token we sell, down to the wallet it came from. 🤯 Sounds like a headache and a half, if you ask me. 🤕

But wait, there’s more! 🤯 Apparently, we’ve got to report every single crypto-related income, from airdrops to payments for services. 💰 And if we’ve got any losses, we better harvest them quick before the tax man comes knocking! 🤑

And let’s not forget about those pesky crypto ETFs! 🤯 Even if we didn’t sell them, we might still owe taxes because the funds are selling off a little bit each month. 🤯 Honestly, it’s enough to make a girl’s head spin! 🤕

But fear not, my darlings! 💕 Our dear friend Layne from NVAL has some tips to help us navigate this crypto-tax minefield. 🤯 Apparently, we can even “sell” our worthless NFTs to a special service to claim a loss. 🤑 Or, if we’re feeling really daring, we can just send them to the burn address and call it a day! 🔥

So, there you have it, folks! 🤯 These crypto-crazed tax-dodgers are really giving the IRS a run for their money. 💰 But let’s be honest, who needs the taxman when you’ve got crypto, am I right? 😉 Wink, wink! 😉

-Sarah Morton

2025-02-13 19:04

You Won’t Believe What These Crypto Traders Did to Avoid Taxes! 😱

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