Reddit Posts
Introduction “Rain of Fire” from @DoragonLand_DOR . This is an NFT gaming platform #NFTGame that doesn’t just allow you to invest but gives room for you to play and earn while investing #Investing #PlayToEarn #P2EGame #BlockchainGaming #cryptocurrency #NFT
I’ve been eyeing projects for some time but can’t choose between them.
I’m interested in some project but I don’t want to diversify too much. Any insight about this?
Mentions
File quarterly? That's if it's a business I presume. If someone is unsure I definitely wouldn't do them myself. Unsure of the mix up because I saw sone amounts but then just a month was explained. NGL I didn't read it all. I just started buying in. Received some statement from one platform that just cancelled out or something. It wasn't reflective. I get them seeing it as property and I've always done my taxes and all... Even is I wait until September & October. I keep hearing buy, trade, holdings, and then there are sales/withdrawals. I will show a loss and that's just fine. I know it may show it as realized though it may just be traded to another coin. I just want to clarify that were being asked yo list coins in flux as property? Every changing? So if I somehow buy a new coin 12/20/20xx and make $250k before the 31st then I show that? And then in the new year it gets held and dumps into a loss one has to wait until next filing? Which is weirding me out now being that I am seeing quarterly reporting like I have to set up an account with the DOR or file taxes 4 times a year as an individual? My main questions are when are the coins taxable? From first purchase and following or from 1st withdrawal including the chain of transactions? As soon as I buy over $600 I have to start reporting that and catch the worth at midnight that quarter or the 31st, per exchange, to accurately report? And this is quarterly for John Q. Public not just John Q. Incorporated, LLC, or whatever? Do we not decide when to pull our gains or losses and then report that? Sales/Trades, etc.? Should just be yearly for an individual. And lastly if you receive a 1099 that appears to be correct, and you're not on some odd exchange that doesn't do that for you, an you not just enter your 1099 info and be done? When I jumped in I was flopping all over not recognizing "gas" so have hundreds of transactions for a relatively small amount but would be reportable. Having no finite end they want the unrealized portion and amount in flux? You probably could care less but locked on Redditor Financial Advisor so I decided to take a shot and ask a bunch of questions that seem like they could be summarized I am not seeing clarity on. If you have a spare moment 😃
Starting September 1, 2022, the Colorado Department of Revenue (DOR) will now accept Cryptocurrency as an additional form of payment for all state taxpayers. This includes individual income tax, business income tax, sales and use tax, withholding tax, severance tax and excise fuel tax. Cryptocurrency has been modified as an additional payment option for taxpayers who are ready to complete an online transaction to pay for their state taxes on Revenue Online. This option allows for cryptocurrency payment through the PayPal Cryptocurrencies Hub, where taxpayers will be able to select their desired cryptocurrency to use for the payment.
Yeah but, why is it cheaper to get into the USA than EL-SAL-VA-DOR. That’s an absurd amount of money to become a citizen of a 3rd world country. It’s a goofball number.
DOR coins. Dump On Retail.
The thing here is staking on Kraken retained more control of funds than staking in chain lol. I had DOT staked there because I didn't have the minimum. It was great I got a little less but my DOR was liquid.
The value of xDOT > value of DOT and increases as you stay staked. You can return the xDOT and receive your original DOT + APY after the Polkadot unbonding period of 28 days, or swap xDOT for DOT on platform's DEX to redeem instantly, but the exchange rate is lower than the real value of xDOT. Some platforms allow you to unstake instantly for a fee. xDOT only lives on its specific parachain. So staking on parachain carries the risk of normal staking plus the parachain failing for whatever reason. From what I understand, the parachain stakes your DOT with a set of validators. Actually liquid variants of DOT were originally conceived for parachain auctions, you contribute an amount of DOR to help your favourite parachain win, and receive xDOT for DeFi extra rewards. Sorry don't know the answer to your other questions.
DCA monthly, DOR, BTC/ETH = 70%, Altcoins = 20%, 10% shitcoins
Also the state tax was in reference to personal property taxes. How the DOR assesses the value of your car, boat, camper, and etc determines how much you pay. This doesn’t apply to every state, but the Value they arbitrarily assign annually can break the wallet.
It's state-specific. Give these people a call and ask: [https://www.revenue.pa.gov/ContactUs/Pages/Contact-Us-By-Phone.aspx](https://www.revenue.pa.gov/ContactUs/Pages/Contact-Us-By-Phone.aspx) I don't know about PA, but in my state the DOR help folk are very friendly.
I can’t begin to tell you how many I’ve received alone in the past few days, and they are all obvious scams. “EXTREME CRYPTO PUMPS 9000!!!! JOIN US FOR THE PUMPS! STAY DOR THE FAMILY!!!!” What a crock of shit. How people fall for this I will never know. I understand it’s greed but still.
Another day passes, another day of me buying DOR
Yeah I got into 4 out of 5 for the first round . Buying dot for the second round now . Perfect time for DOR to dip