Bucketeer wrote:Long John wrote:Bucketeer wrote:silverpv wrote: I hear they are a bit busy trying to figure out what to do for 2018. It’s going to be interesting..
2017 will be a wash, 2018 will have regulations.
Now you tell me. I paid a fair bit of taxes on my 2017 crypto activity. It would be just my luck if the IRS wasn't really paying attention yet.
I paid more taxes than I deserved. Crypts are currency, not assets.
Seriously....if I move Bitcoin from my KeepKey to a softwallet in order to update the KeepKey firmware, is that really a transaction?
Where is John McAfee when you need him?
I'd hate to be a trader. Schedule D nightmares. HODL
If you're worried about multiple tx's, just get another keepkey as a backup. Upgrade the firmware on one and test your backups. You shouldn't have to move your funds if you have tested you backups. The funds are on blockchain, not on the device. If you have only 1 keepkey you run the risk on bad hardware or loss. Total prepper fundies, 2 is 1, 1 is none here.
As far as taxes, i'd rather make sure they don't come knocking on my door, pay the man. If they see i overpaid, i'm not on the list when they match me up with the coinbase/bittrex list.