I was into bitcoin when it was $500-$1000 with no taxes. If I buy some bitcoin and put it on a hardware wallet, is the irs going to know? It’s not as much about the money, as it is about the hassle and the privacy. Also what if BTC goes up one year and drops the next. I’m sure the IRS won’t let me deduct the loss, the next year. The more tax I pay, the more I hate taxes. It’s just too much, mixed with inflation to see your savings and investment make anything.
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