Recently started filling in the gaps in tax reporting, only to realize that the hardest part isn't calculating profit and loss, but "what exactly did I do at that time"... Especially with on-chain transfers back and forth, cross-exchange withdrawals, by the end of the year everything turns into a bunch of broken gears that don't line up. Now I simply leave three things whenever I make a big move: exchange transaction + deposit/withdrawal records, on-chain hash, and a screenshot from that time (don’t laugh, it can really save your life). Then I write a brief note explaining the reason for the operation on the same day, like "moved from spot to collateral to prevent liquidation."


Recently, everyone has been comparing ETF capital flows with US stock market risk appetite to force crypto price movements, honestly, watching sentiment is fine too, but the ledger doesn't recognize sentiment, only timestamps and costs... Anyway, I don't want to go crazy again at the end of the year. That's it for now, I’m going to finish updating last month’s address labels.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin