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/biz/ - Business & Finance

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4966975 No.4966975 [Reply] [Original]

Does anyone else's mom do their taxes for them?

I don't know how I'm going to explain capital gains tax to her she's been a wagey her whole life.

>> No.4967007
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4967007

>not asking some acountant that probably knows what hes doing which probably cost you 50$ max

>> No.4967021

>>4967007

i've always just had a w2 from my part time job so she's done it for me for about 16 years.

>> No.4967044

>>4967007

will HR block really figure out the cost basis of alts valued only in satoshis at given points in time for $50 even if you have thousands of trades that netted you like 13 cents each time.

>> No.4967053
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4967053

>>4967021
get some one to explain it to her idk

>> No.4967443

>cointracking.info
>hand tax report to CPA

Why do taxes confuse crypto kiddies so much? It's treated the same exact way as stocks

>> No.4967503
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4967503

>>4967443
>paying tax on fairy tale Money

Do you pay taxes on wow gold in US too?

>LAND OF THE FREE

HAHAHAHAHAHAHAHA

>> No.4967610

My mom does my taxes :3
She reports my index fund dividends but no crypto bullshit.

>> No.4967635

>>4967443
I don't see binance on there.

>> No.4967662

>>4966975
I wouldn't report anything unless you made like 10K+ or something

>> No.4967822

>>4966975
Is your mom literally retarded that she can't understand capital gains tax? It's not a very difficult concept even if you've never invested in your life
>if you make money on investments, you have to pay taxes over the money you make, just like you would over regular income.
There.

>> No.4967867

>mom did taxes
why?