Bitcoin Price Thread

I couldn't find anything on the IRS link you sent but I found this
Updated sept 2024;
Crypto Tax Rates: IRS Taxation Rules + Instructions [2024]

Don't see anything about a 47k exemption.

 

Who are you again?

 

I call him 'soldat6'.

 

https://www.bankrate.com/investing/...#what-is-the-long-term-capital-gains-tax-rate

 

I'm aware of the IRS tax rate. Doesn't apply to me as I'm in Canada.

@Tokenz said there was a 47K exemption and I was curious where he got this info.

 

I always found it interesting how Canada does not have a long-term vs short-term cap-gains ruleset. No FIFO tax-lot assignments either, etc. The one thing I do hate is that for tax-purposes, trades count by settlement-date instead of actual trade-date. At least with this year's T+1 upgraded rules, it's not so bad.

 

Saves a little accounting. New capital gains rate this year. Someones gotta pay for all this woke shit.

 

The wonderful benefits of a 'Male-Feminist' Jackass and wokenomics in play.

 

So do all Canadians suffer from woke on the brain?

 

Nah!! Just our media.