Had to add all my crypto to my taxes, damn that is a painful process. There are online services that helps with that part, so I use that to help. but I have transactions all over the place, so it takes a lot of time. But now it’s done for this years tax report :)

@prologic@twtxt.net yeah. Everything else on my taxes are already folled in. For crypto you need to add each and every transaction. The online service I use has api to each major exchange, pulls the data and crunches the numbers for you though. The problems start when you use decentralised exchanges or unsupported wallets etc. Took some hours to sort out on my end. But now I do not have to worry about it. 😀

@prologic@twtxt.net The one I actually use for something is Monero. I also mine it (asic resistant, mined with cpu). The others I just put some savings in every month. The whole pyramid scheme thing - I do not think much about honestly. Crypto is here to stay, won’t go away. And for me it’s better then stocks because I know nothing about stocks and such. I do not put much into it. I also had some NFT stuff that I minted - which I sold for 10x the price later on, but honestly - last year I gained as much as I lost, so it evened out to almost 0.

@prologic@twtxt.net The good thing here at least is that you get back on your taxes if you loose money, so that helps a bit, and if you buy mining gear you can write some of the cost up as well etc. So it’s a pretty nice that they have done it that way here. The only downside is what I mentioned already - the complexity of filing it all.