{"type":"rich","version":"1.0","title":"gojiberra wrote","author_name":"gojiberra (npub1g4…ltqvs)","author_url":"https://nostr.now/npub1g49uyac6d83sss7sln8aumsstle7m3wxwwvc8mmpqsnr8e9f2cdq6ltqvs","provider_name":"njump","provider_url":"https://nostr.now","html":"someone just told me that tax laws for bitcoin are changing in 2025. \n\nsomething about finding cost basis per wallet\n\ni haven't even found total cost basis as I tried every exchange under the sun: Coinbase, Blockfi, Celsius, and the list goes on...\n\nthen i've sent the satoshis from those wallets to other wallets and mixed it all together. \n\ni think right now it's going to be simpler to just answer any future questions that cost basis was effectively 0.\n\nat a price of 1 million  per coin i would only be saving myself   20% of 100,000. \n\nso instead of 1000000-cost basis (~100k) = 900,000 * tax rate(0.20) = $18,000\ni will just pay 1000000 * tax rate (0.20) = $20,000\n\nif tax rate is 20%, i will just lose extra $2000 for not calculating cost basis.\n\nI'm lazy, so $2000 bucks to not have to do a bunch of record keeping seems like a steal..."}