<oembed><type>rich</type><version>1.0</version><title>gojiberra wrote</title><author_name>gojiberra (npub1g4…ltqvs)</author_name><author_url>https://nostr.now/npub1g49uyac6d83sss7sln8aumsstle7m3wxwwvc8mmpqsnr8e9f2cdq6ltqvs</author_url><provider_name>njump</provider_name><provider_url>https://nostr.now</provider_url><html>someone just told me that tax laws for bitcoin are changing in 2025. &#xA;&#xA;something about finding cost basis per wallet&#xA;&#xA;i haven&#39;t even found total cost basis as I tried every exchange under the sun: Coinbase, Blockfi, Celsius, and the list goes on...&#xA;&#xA;then i&#39;ve sent the satoshis from those wallets to other wallets and mixed it all together. &#xA;&#xA;i think right now it&#39;s going to be simpler to just answer any future questions that cost basis was effectively 0.&#xA;&#xA;at a price of 1 million  per coin i would only be saving myself   20% of 100,000. &#xA;&#xA;so instead of 1000000-cost basis (~100k) = 900,000 * tax rate(0.20) = $18,000&#xA;i will just pay 1000000 * tax rate (0.20) = $20,000&#xA;&#xA;if tax rate is 20%, i will just lose extra $2000 for not calculating cost basis.&#xA;&#xA;I&#39;m lazy, so $2000 bucks to not have to do a bunch of record keeping seems like a steal...</html></oembed>