wiidude32
Re:Show HN: A smart contract and website to tax loss harvest your wort...
on Monday December 05, 2022 @09:04AM (#33865764)
This past summer, we were super frustrated with how difficult it was to legitimately dispose of worthless NFTs in order to harvest losses on these assets for tax minimization. There's no real marketplace for worthless NFTs, but investors are sitting on thousands of dollars of tax savings if they had a simple way to harvest their NFT losses.
From this pain-point, an idea was born!
So, we started working on a smart contract that would buy any NFT for a de minimis amount of ETH, thus allowing investors to lock in their losses and reduce their 2022 tax bill.
Would love to hear any feedback!
Show HN: A smart contract and website to tax loss harvest your worthless NFTs
Writing off crypto losses from the collapse of FTX
Australian Tax Office Targets Cryptocurrency Investors with 350k Warnings
IRS Solicits Contractors to Help Examine Crypto Traders’ Tax Returns
Show HN: Harvest your crypto trading losses and reduce your tax bill
Reduce your tax liability by harvesting crypto losses
Show HN: Tax loss harvesting tool for crypto investors
Re:IRS issues additional guidance on tax treatment for cryptocurrency
on Thursday October 10, 2019 @04:57AM (#21212334)
Here's a breakdown on the most important info in the new guidance: https://www.cryptotrader.tax/blog/new-irs-cryptocurrency-tax...
The tokenization of securities is happening and no one is noticing
Re:Ask HN: One-person SaaS apps that are profitable?
on Saturday April 20, 2019 @01:39AM (#19704973)
CryptoTrader.Tax (https://www.cryptotrader.tax) We started this about 15 months ago during the crypto craze and have been able to grow to over 13,000 users!
How to maximize your refund from crypto losses
Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading
on Sunday April 07, 2019 @10:57PM (#19601580)
What exchanges would you like to see added? Constantly working on new additions.
Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading
on Sunday April 07, 2019 @10:57PM (#19601574)
The tool does, it will carry over the cost basis from previous years of trading for calculating the next year's short/long term gains.