#  @JustinCPA JustinCPA JustinCPA posts on Reddit about cryptocurrency, if you, losses, how to the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours. ### Engagements: [---] [#](/creator/reddit::t2_v3np9rozu/interactions)  - [--] Week [-----] +380% - [--] Month [-----] +301% - [--] Months [-----] +57% - [--] Year [------] +25% ### Mentions: [--] [#](/creator/reddit::t2_v3np9rozu/posts_active)  - [--] Month [--] -36% - [--] Months [--] -49% - [--] Year [--] +6.90% ### Followers: [-----] [#](/creator/reddit::t2_v3np9rozu/followers)  - [--] Months [-----] +0.14% - [--] Year [-----] +57% ### CreatorRank: [---------] [#](/creator/reddit::t2_v3np9rozu/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [countries](/list/countries) [cryptocurrencies](/list/cryptocurrencies) [technology brands](/list/technology-brands) [exchanges](/list/exchanges) [social networks](/list/social-networks) [stocks](/list/stocks) [travel destinations](/list/travel-destinations) [events](/list/events) **Social topic influence** [cryptocurrency](/topic/cryptocurrency) #1849, [if you](/topic/if-you), [losses](/topic/losses), [how to](/topic/how-to), [crypto](/topic/crypto), [hodl](/topic/hodl), [in a](/topic/in-a), [you have](/topic/you-have), [don t](/topic/don-t), [has been](/topic/has-been) **Top accounts mentioned or mentioned by** [@strettocommailtocelsiusdistribution](/creator/undefined) [@strettocom](/creator/undefined) **Top assets mentioned** [Cardano (ADA)](/topic/cardano) [Ethereum (ETH)](/topic/ethereum) [AMP Token (AMP)](/topic/amp-token) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Litecoin (LTC)](/topic/litecoin) [Celsius (CEL)](/topic/celsius) [FilesCoins Power Cu (FILECOIN)](/topic/files) [The 99% Community (99)](/topic/$99) ### Top Social Posts Top posts by engagements in the last [--] hours "Understanding How Crypto Gifts Are Taxed: What You Need to Know I have been seeing a lot of similar questions around how crypto gifts are taxed so I thought I'd make a post breaking it down and clarifying some of the recurring questions. [--]. When receiving a gift you do not pay any tax. Receiving a gift is a tax free event for the recipient. [--]. When giving a gift you may be subject to the "gift tax" for the amount over the annual exclusion limit ($17k for 2023). There is also a lifetime limit ($12.92M for 2023). The gift tax amount is not fixed and can range from 18%-40% on the amount over the" [Reddit Link](https://redd.it/1cgz872) 2024-04-30T17:58Z [----] followers, [--] engagements "Understanding How Crypto Gifts Are Taxed: What You Need to Know tax tax" [Reddit Link](https://redd.it/1ch0nks) 2024-04-30T18:56Z [----] followers, [--] engagements "Crypto Tax Scam: "Pig Butchering" I've received [--] calls today and [--] in the last week from people asking if they've caught themselves in a scam. It's clear this scam is on the rise so I wanted to make a quick post describing it in hopes of preventing others from falling victim. The scam is called "Pig Butchering" and works as follows: [--]. **An Internet Stranger Befriends You:**Often this person is of the opposite sex. They are friendly and not very pushy. [--]. **Gaining Trust:**They build personal trust through regular communication and even engage in multiple video calls. [--]. **Investment" [Reddit Link](https://redd.it/1dczzj4) 2024-06-10T23:33Z [----] followers, [--] engagements "Crypto Tax Scam: "Pig Butchering" tax tax" [Reddit Link](https://redd.it/1dd00ca) 2024-06-10T23:34Z [----] followers, [--] engagements "Crypto Tax Scam: "Pig Butchering" I've received [--] calls today and [--] in the last week from people asking if they've caught themselves in a scam. It's clear this scam is on the rise so I wanted to make a quick post describing it in hopes of preventing others from falling victim. The scam is called "Pig Butchering" and works as follows: [--]. **An Internet Stranger Befriends You:**Often this person is of the opposite sex. They are friendly and not very pushy. [--]. **Gaining Trust:**They build personal trust through regular communication and even engage in multiple video calls. [--]. **Investment" [Reddit Link](https://redd.it/1dd02nr) 2024-06-10T23:37Z [----] followers, [---] engagements "For the love of god please harvest your losses I know its been a bloodbath with Hex and most of you are sitting on losses. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position sell your coins record the tax loss and then just buy back immediately. Best to at least benefit from the loss now than just sitting on a fat unrealized loss. You can use it to offset other capital gains and even up to $3000 in ordinary income. Too many of my clients come through my door with these massive Hex losses ($300k is the biggest Ive" [Reddit Link](https://redd.it/1djavz8) 2024-06-19T04:49Z [----] followers, [---] engagements "For the love of god please harvest your losses USA Only I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkhd3m) 2024-06-20T17:29Z [----] followers, [---] engagements "For the love of god please harvest your losses USA Only I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkho9k) 2024-06-20T17:42Z [----] followers, [---] engagements "For the love of god please harvest your losses USA Only I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dki1o4) 2024-06-20T17:58Z [----] followers, [---] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dki3d0) 2024-06-20T18:00Z [----] followers, [---] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dki6pa) 2024-06-20T18:03Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkiaee) 2024-06-20T18:07Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkibam) 2024-06-20T18:08Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkif21) 2024-06-20T18:13Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkifjp) 2024-06-20T18:14Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkig9o) 2024-06-20T18:14Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkihk0) 2024-06-20T18:16Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkihxj) 2024-06-20T18:16Z [----] followers, [--] engagements "For the love of god please harvest your losses removed litecoin litecoin" [Reddit Link](https://redd.it/1dkim94) 2024-06-20T18:21Z [---] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkino4) 2024-06-20T18:23Z [----] followers, [--] engagements "For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit" [Reddit Link](https://redd.it/1dkio6f) 2024-06-20T18:23Z [----] followers, [--] engagements "Understanding How Crypto Gifts Are Taxed: What You Need to Know ***USA Only*** # Introduction I have been getting a lot of similar questions around how crypto gifts are taxed so I thought I'd make a post breaking it down and clarifying some of the recurring questions. See the bottom for some strategy on how to optimize gifts and donations. # When receiving a gift you do not pay any tax. Receiving a gift is a tax free event for the recipient. # When giving a gift you may be subject to the "gift tax". For gifts over the annual exclusion limit ($17k for 2023) you must report the gift on Form 709" [Reddit Link](https://redd.it/1dl7s82) 2024-06-21T16:13Z [---] followers, [---] engagements "Crypto Tax Scam: "Pig Butchering" I've received over [--] calls in the last few weeks from people asking if they've caught themselves in a scam. It's clear this scam is in full throttle so I wanted to make a quick post describing it in hopes of preventing others from falling victim. The scam is called "Pig Butchering" and works as follows: [--]. **An Internet Stranger Befriends You:**Often this person is of the opposite sex. They are friendly and not very pushy. This introduction can be done in many different ways including "oops wrong number" texts. [--]. **Gaining Trust:**They build personal trust" [Reddit Link](https://redd.it/1dnhfa4) 2024-06-24T16:16Z [----] followers, [---] engagements "FTX Claims Value Soar CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1dp3i33) 2024-06-26T16:54Z [---] followers, [--] engagements "How to Obtain Transaction History Beyond [---] Days I am reconciling one of my client's crypto taxes and he has used MEXC for years. The API import is garbage and only pulled in [--] transfers. I asked him to collect the rest of the data via CSV download but he sent me a screenshot saying it only goes up to [---] days back. Most of his activity is before that. Anyone run into the same issues Solutions MEXC_official MEXC_official" [Reddit Link](https://redd.it/1e06o5h) 2024-07-10T20:54Z [----] followers, [--] engagements "Koinly Affiliate & Client Invite Links Don't Work Whenever I invite a client to Koinly they click on the link and create an account. But as soon as they hit "sign up" it takes them off of our link and onto the generic one. This stops their account from auto-syncing to our account and we then have to give them instructions on how to invite us. Same thing with our affiliate links. Whenever people go through our links we never see it. I tested it and as soon as you hit "sign up" using the affiliate link it strips away our affiliate identifier and takes them to the generic sign up page. Is this" [Reddit Link](https://redd.it/1f3oe4e) 2024-08-28T23:52Z [----] followers, [--] engagements "MATIC -- POL 1:1 Conversion Professionals of r/CryptoTax what are your thoughts on the MATIC -- POL conversion While the conversion is mostly automatic (excluding MATIC on Ethereum) and the assets are substantially the same will the IRS view this conversion as a forced exchange and thus taxable event Personally I'm having a hard time justifying this as a taxable event and believe cost basis and holding period should be carried over. Curious to hear others' stance. Appreciate your input CryptoTax CryptoTax" [Reddit Link](https://redd.it/1fffddi) 2024-09-12T22:32Z [----] followers, [--] engagements "A Comprehensive Guide: How To Calculate Your Celsius Losses (with examples) ***Disclaimers: USA Only Guide is For Celsius Earn Accounts Do Your Own Research*** ============================================================================ # Introduction The Celsius bankruptcy has impacted hundreds of thousands of people. While many are happy to have received distributions the tax impact is quite complex. I have scraped the internet looking for a reputable and comprehensive guide detailing exactly how to handle the distributions. **To my surprise I have not found a guide that is both reputable" [Reddit Link](https://redd.it/1fhh58l) 2024-09-15T16:51Z [--] followers, [--] engagements "The IRS just released updated draft form 1099-DA. Crypto tax enforcement is imminent. CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1fimil0) 2024-09-17T01:44Z [----] followers, [----] engagements "Celsius Tax Write Offs & Bankruptcy: Complete Guide [----] Koinly CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1fj2vmg) 2024-09-17T15:56Z [----] followers, [---] engagements "Revenue Procedure 2024-28: What You Need to Know + Strategy On Allocation (USA) *USA Only* # Background Earlier this year the IRS released Revenue Procedure 2024-28(https://www.irs.gov/pub/irs-drop/rp-24-28.pdf) implementing changes with significant impacts to how taxpayers are allowed to track cost basis **effective January [--] 2025**. I've seen some chatter speculation and misinformation across various sources and subreddits regarding this. I'm a licensed CPA (CA) and would like to clarify what is changing what isn't changing and how to go about the change in order to remain compliant. #" [Reddit Link](https://redd.it/1gbvfic) 2024-10-25T14:22Z [----] followers, [--] engagements "Revenue Procedure 2024-28: What You Need to Know + Strategy On Allocation (USA) *USA Only* # Background Earlier this year the IRS releasedRevenue Procedure 2024-28(https://www.irs.gov/pub/irs-drop/rp-24-28.pdf) implementing changes with significant impacts to how taxpayers are allowed to track cost basis**effective January [--] 2025**. I've seen some chatter speculation and misinformation across various sources and subreddits regarding this. I'm a licensed CPA (CA) and would like to clarify what is changing what isn't changing and how to go about the change in order to remain compliant. #" [Reddit Link](https://redd.it/1gbvgu1) 2024-10-25T14:24Z [----] followers, [--] engagements "Please. consider harvesting your losses *Commentary from USA perspective* I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to" [Reddit Link](https://redd.it/1gc1rkk) 2024-10-25T18:54Z [----] followers, [--] engagements "Please. consider harvesting your losses *Commentary from USA perspective* I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to" [Reddit Link](https://redd.it/1gc1ymc) 2024-10-25T19:03Z [----] followers, [---] engagements "Please. consider harvesting your losses *Commentary from USA perspective* I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to" [Reddit Link](https://redd.it/1gc2424) 2024-10-25T19:09Z [----] followers, [--] engagements "Please. consider harvesting your losses *Commentary from USA perspective* I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to" [Reddit Link](https://redd.it/1gc26pf) 2024-10-25T19:12Z [----] followers, [--] engagements "Please. consider harvesting your losses *Commentary from USA perspective* I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to" [Reddit Link](https://redd.it/1gc27na) 2024-10-25T19:14Z [----] followers, [--] engagements "What To Know About The Wash Sale Loophole + Tax Loss Harvesting Before Year-End ***Disclaimer: USA ONLY DYOR*** ============================================================================ # Intro I am a crypto-focused CPA (USA) and am currently reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. # The Basics It is important to first understand some basic definitions: * "Tax Loss Harvesting" is" [Reddit Link](https://redd.it/1ge6i3r) 2024-10-28T16:32Z [----] followers, [---] engagements "What To Know About The Wash Sale Loophole + Tax Loss Harvesting Before Year-End ***Disclaimer: USA ONLY DYOR*** ============================================================================ # Intro I am a crypto-focused CPA (USA) and am currently reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. # The Basics It is important to first understand some basic definitions: * "Tax Loss Harvesting" is" [Reddit Link](https://redd.it/1ge6s8y) 2024-10-28T16:44Z [----] followers, [--] engagements "Form 1099-DA Explained: How New Reporting Requirements Will Impact Crypto Investors (USA) *The IRS Form 1099-DA is planned to take effect January [--] [----] and will be required for all digital asset brokers.* # Introduction The IRS has drafted the first ever tax form specific to crypto and digital assets. This form Form 1099-DA will fundamentally change how cryptos are reported to the IRS and individuals shifting much of the reporting responsibility off of the taxpayer and onto "brokers". More on that later. # Background In April [----] the IRS released the first draft of Form 1099-DA with" [Reddit Link](https://redd.it/1gh7oio) 2024-11-01T15:11Z [----] followers, [--] engagements "Form 1099-DA Explained: How New Reporting Requirements Will Impact Crypto Investors (USA) *The IRS Form 1099-DA is planned to take effect January [--] [----] and will be required for all digital asset brokers.* # Introduction The IRS has drafted the first ever tax form specific to crypto and digital assets. This form Form 1099-DA will fundamentally change how cryptos are reported to the IRS and individuals shifting much of the reporting responsibility off of the taxpayer and onto "brokers". More on that later. # Background In April [----] the IRS released the first draft of Form 1099-DA with" [Reddit Link](https://redd.it/1gh7qi1) 2024-11-01T15:13Z [----] followers, [--] engagements "UPDATE: How To Calculate the Tax Impact For Second BTC Distribution (Youtube Video) Hi everyone quick tax update for the second BTC distribution A few months ago I made a full guide on how to calculate the tax impact of the Celsius distributions for Class [--] creditors (the large majority of people) and posted it here as well as authored it as an article for the Koinly blog. After much positive feedback I made a YouTube video guide going over the article as well as performing the full calculation on a whiteboard for Example #1 in the guide so you can all follow along with the calc. As many of" [Reddit Link](https://redd.it/1h9ssai) 2024-12-08T21:04Z [----] followers, [---] engagements "Feature Request: Selecting Multiple Reports for Multiple Years to Download Please let us select all the reports we want to download and for each year we want to download so we can download all at once. As a service provider in the space Im so tired of wasting time selecting each report I want to download for each year wastes at least 15-20 minutes for each client. Not to mention Koinly only lets you download [--] reports every [--] minutes. Have received this error message multiple times on Fridays at 5pm koinly koinly" [Reddit Link](https://redd.it/1hbmkn9) 2024-12-11T05:33Z [----] followers, [--] engagements "Celsius Tax Guide: An Alternative Approach to Capture More Loss in [----] ***Disclaimers: USA Only Guide is For Celsius Earn Accounts Do Your Own Research*** ============================================================================ Edit: Want extra help See here: Step-by-Step Guide to Calculate Your Loss AND Apply it in Koinly(https://www.reddit.com/user/JustinCPA/comments/1hpssd0/celsius_tax_guide_a_complete_stepbystep_of_how_to/utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) Hi everyone a few months ago I posted a complete guide to calculating your" [Reddit Link](https://redd.it/1hi0wgl) 2024-12-19T19:28Z [--] followers, [---] engagements "Celsius Tax Guide: An Alternative Approach to Capture More Loss in [----] IonicDigitalStock IonicDigitalStock" [Reddit Link](https://redd.it/1hi5oha) 2024-12-19T23:01Z [----] followers, [--] engagements "REVENUE PROCEDURE 2024-28 + SAFE HARBOR GUIDE: What You Need to Know (and Do) Before Year-End +FAQs I have seen so. many. posts. about this. I have replied to the same or tangential question over and over so I am making this post to hopefully clear things up for everyone. Moving forward I will just be linking to this post to answer people's questions. Feel free to link for others if you wish. For context and disclosure my name is Justin and I am the Head CPA at crypto accounting firm "Count On Sheep". # Introduction Revenue Procedure 2024-28(https://www.irs.gov/pub/irs-drop/rp-24-28.pdf) is" [Reddit Link](https://redd.it/1hk31yd) 2024-12-22T17:22Z [----] followers, [---] engagements "REVENUE PROCEDURE 2024-28 + SAFE HARBOR GUIDE: What You Need to Know (and Do) Before Year-End +FAQs (USA Only) *USA Only* I have seen so. many. posts. about this. I have replied to the same or tangential question over and over so I am making this post to hopefully clear things up for everyone. Moving forward I will just be linking to this post to answer people's questions. Feel free to link for others if you wish. For context and disclosure my name is Justin and I am the Head CPA at crypto accounting firm "Count On Sheep". # Introduction Revenue Procedure" [Reddit Link](https://redd.it/1hk32zl) 2024-12-22T17:24Z [----] followers, [--] engagements "Celsius Tax Guide: A Complete Step-by-Step of How to Calculate Your Loss AND Apply it in A Tax Software (Guide Uses Koinly) It's come to my attention that there are a TON of people who need professional help with the Celsius calculation. While some lost enough to where to they are willing to hire a professional for full service help others have reached out to me looking for a more affordable alternative. While the guides and videos I have posted are detailed many are looking for even more detailed help with the calculation as well as detailed instructions for how to apply the calculation into" [Reddit Link](https://redd.it/1hpssd0) 2024-12-30T17:44Z [----] followers, [--] engagements "Please download your KuCoin files - your friendly CPA Please on behalf of every crypto CPA out there download your KuCoin files. You wont be able to very soon and you wont like the tax consequences of not keeping those records. CryptoTax CryptoTax" [Reddit Link](https://redd.it/1i68ovw) 2025-01-21T02:50Z [----] followers, [--] engagements "How to Calculate Celsius Tax Using Koinly - CPA Guide IonicDigitalStock IonicDigitalStock" [Reddit Link](https://redd.it/1igyfmi) 2025-02-03T20:02Z [----] followers, [--] engagements "SOS - Koinly Down EDIT: Resolved. Huge thanks to the Koinly team for such a quick fix. Please help. Koinly is down and showing this error. Our entire team is stalled working through accounts in the middle of tax season. https://preview.redd.it/n3nryiuzyble1.pngwidth=1033&format=png&auto=webp&s=4f54d54bde15cbd99665344d1ca753e8e21bd5f2 Koinly has gone dark a few times for us this tax season but this is the first time seeing this error. We have utilized Koinly for the vast majority of our clients so having Koinly down is extremely problematic for us. koinly koinly" [Reddit Link](https://redd.it/1iy2heo) 2025-02-25T18:47Z [----] followers, [--] engagements "MAJOR CELSIUS TAX UPDATE Approach to Realize ENTIRE Amount as a THEFT LOSS in [----] Taxes ***Disclaimers: USA Only I Am Not Your Personal CPA Do Your Own Research & Talk to Your Own Tax Professional Write-Up Focuses on Class [--] Creditors*** ============================================================================ **Full Video Explanation + Whiteboard Calculation:** https://youtu.be/e9eYX4_tKwE(https://youtu.be/e9eYX4_tKwE) # What changed After much in-depth analysis and discussions with tax attorneys and individuals close to this case and the guidance published on 3/14/2025 in Chief Counsel" [Reddit Link](https://redd.it/1jc2z3t) 2025-03-15T19:26Z [--] followers, [---] engagements "MAJOR CELSIUS TAX UPDATE Approach to Realize ENTIRE Amount as a THEFT LOSS in [----] Taxes IonicDigitalStock IonicDigitalStock" [Reddit Link](https://redd.it/1jc37vo) 2025-03-15T19:37Z [----] followers, [--] engagements "Celsius Tax: Rationale for Claiming as a THEFT LOSS in [----] ***Disclaimers: USA Only I Am Not Your Personal CPA Do Your Own Research & Talk to Your Own Tax Professional Write-Up Focuses on Class [--] Creditors*** ============================================================================ # New Video Explanation Last week I put out a post(https://www.reddit.com/r/CelsiusNetwork/comments/1jc2z3t/major_celsius_tax_update_approach_to_realize/utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) detailing a possible approach to realize the Celsius bankruptcy as a" [Reddit Link](https://redd.it/1jfvxcg) 2025-03-20T18:32Z [--] followers, [--] engagements "Celsius Course Flash Sale $99 TODAY ONLY That's right. Trying to meet month-end revenue goals. For those who follow me and see this feel free to grab the course for just $99 TODAY ONLY. Expiring tonight at 11:59pm PST. Special Checkout Link: Celsius Course Guide(https://whop.com/checkout/plan_CnQgcgnzSn0Zxd2c=true) u_JustinCPA u_JustinCPA" [Reddit Link](https://redd.it/1jogkn1) 2025-03-31T22:48Z [----] followers, [--] engagements "Celsius Tax: Statement of Theft Loss Deduction Under IRC 165(c)(2) ***Disclaimers: I Am Not Your Personal CPA Do Your Own Research & Talk to Your Own Tax Professional*** ============================================================================ First off thank you to all those who have purchased the course. I hope you feel it has been worth the money for the detailed lessons screen sharing excel sheets/memo and personal discord support. I truly appreciate you willing to support the work and effort I've put in to making it a process as painless as possible. With that said I know others still" [Reddit Link](https://redd.it/1jr251c) 2025-04-04T03:16Z [--] followers, [---] engagements "Crypto Pig Butchering Scams & Deductibility Under IRC 165(c)(2) As of recent I have been hearing from a LOT of people who have fallen victim to crypto pig butchering scams. Surprisingly I see a lot of tax professionals saying that sucks the [----] Tax Cuts and Jobs Act disallowed theft loss deductions so youre out of luck. I wanted to make this post to (1) identify the key functions of this type of scam to help people determine if they are victims and (2) point to guidance on how this type of loss **is generally DEDUCTIBLE** which is a substantial silver lining for those who have been" [Reddit Link](https://redd.it/1jul52w) 2025-04-08T18:42Z [--] followers, [--] engagements "Crypto Pig Butchering Scams & Deductibility Under IRC 165(c)(2) As of recent I have been hearing from a LOT of people who have fallen victim to crypto pig butchering scams. Surprisingly I see a lot of tax professionals saying that sucks the [----] Tax Cuts and Jobs Act disallowed theft loss deductions so youre out of luck. I wanted to make this post to (1) identify the key functions of this type of scam to help people determine if they are victims and (2) point to guidance on how this type of loss **is generally DEDUCTIBLE** which is a substantial silver lining for those who have been" [Reddit Link](https://redd.it/1jul8ky) 2025-04-08T18:46Z [--] followers, [--] engagements "Crypto Pig Butchering Scams & Deductibility Under IRC 165(c)(2) As of recent I have been hearing from a LOT of people who have fallen victim to crypto pig butchering scams. Surprisingly I see a lot of tax professionals saying that sucks the [----] Tax Cuts and Jobs Act disallowed theft loss deductions so youre out of luck. I wanted to make this post to (1) identify the key functions of this type of scam to help people determine if they are victims and (2) point to guidance on how this type of loss **is generally DEDUCTIBLE** which is a substantial silver lining for those who have been" [Reddit Link](https://redd.it/1julbfj) 2025-04-08T18:49Z [--] followers, [---] engagements "BREAKING NEWS: The Controversial "DeFi Broker Rule" has been KILLED On April [--] [----] President Donald Trump signed a resolution officially killing the controversial IRS "DeFi Broker Rule" a regulatory measure that would have fundamentally reshaped the decentralized finance (DeFi) landscape in the United States. Originally introduced during the final days of the Biden administration the rule sought to expand the definition of a broker to include decentralized finance platformsentities that by design operate without intermediaries or centralized control. Had the rule gone into effect it would" [Reddit Link](https://redd.it/1jwta28) 2025-04-11T15:56Z [----] followers, [--] engagements "The Controversial "DeFi Broker Rule" has been KILLED On April [--] [----] President Donald Trump signed a resolution officially killing the controversial IRS "DeFi Broker Rule" a regulatory measure that would have fundamentally reshaped the decentralized finance (DeFi) landscape in the United States. Originally introduced during the final days of the Biden administration the rule sought to expand the definition of a broker to include decentralized finance platformsentities that by design operate without intermediaries or centralized control. Had the rule gone into effect it would have forced DeFi" [Reddit Link](https://redd.it/1jwtb66) 2025-04-11T15:57Z [----] followers, [---] engagements "PROCRASTINATOR25 Promo Code For all you procrastinators waiting till right before deadline. take 25% off the course and ruin my weekend with your questions. **Course:** **Calculate Your Celsius Loss with Koinly**(https://whop.com/celsiusbankruptcy/) This course covers: [--]. **Compete Step-By-Step Video Lessons** for: [--]. **Capital Loss Approach + Application in** Koinly(https://koinly.io/via=3001125D&utm_source=affiliate) * Including videos for handling loans + convenience class * Including videos for those using both Universal and Wallet-Based cost tracking * How to optimize loss using" [Reddit Link](https://redd.it/1jx02ak) 2025-04-11T20:41Z [--] followers, [---] engagements "How to Get Your Celsius Transaction Data and File an Extension I am aware that Stretto has been taking significantly longer to provide creditors their Celsius CSV transaction data. Requesters would typically hear back within 24-48 hours but due to tax season and many requests being made wait times are spanning weeks. The first thing you should do if you don't have your data to do the calculation is to FILE AN EXTENSION(https://www.irs.gov/filing/get-an-extension-to-file-your-tax-return). This is actually extremely easy to do and can be done in just [--] minutes. You don't need to pay someone to" [Reddit Link](https://redd.it/1jyzry4) 2025-04-14T14:09Z [--] followers, [--] engagements "Crypto Tax Explained [----] - Part III: Gifts ***Disclaimer: The following information provided is based on US guidelines. Always consult your own tax professional for advice tailored to your situation.*** ============================================================================ # Intro Crypto gift tax is a complicated topic that I am constantly asked about. "Do gifts result in tax Who pays it How to determine how much". The answer is not always straightforward and there are many moving parts. This post aims to clear up the most commonly asked questions outline (with supporting evidence) the" [Reddit Link](https://redd.it/1k00kd9) 2025-04-15T19:21Z [--] followers, [--] engagements "Tax implications of rewards Im a CPA specializing in crypto and Ive noticed a lot of confusion around how AMP rewards are taxed especially with the timing of when rewards are received auto-compounding and dominion & control. If theres enough interest Ill put together a no-BS guide breaking down how this works when its taxable how to track it and what to do if youve never reported it. Would that be helpful to anyone here If so I'm curious what the biggest pain points are so I can make sure to address. AMPToken AMPToken" [Reddit Link](https://redd.it/1k5a8sw) 2025-04-22T16:12Z [----] followers, [---] engagements "Anyone going to Consensus [----] in Toronto Myself and a few members of my team will be out there If you're attending let me know and let's connect u_JustinCPA u_JustinCPA" [Reddit Link](https://redd.it/1kfnqx9) 2025-05-05T21:37Z [----] followers, [--] engagements "Consensus 50% off promo deleted u_JustinCPA u_JustinCPA" [Reddit Link](https://redd.it/1kml9tv) 2025-05-14T17:34Z [--] followers, [--] engagements "Consensus [----] +special shortcode ;) If you're at Consensus hit me up Would love to meetup and say hello. https://preview.redd.it/phd42sjrst0f1.jpgwidth=2316&format=pjpg&auto=webp&s=6dc8f1720d4baeaec67fd3fd228d03e178b8f476 And even if you aren't at Consensus but have been thinking about utilizing our service I **STRONGLY** suggest you book a call through this special Consensus link: Book a" [Reddit Link](https://redd.it/1kmt1a9) 2025-05-14T22:54Z [----] followers, [--] engagements "Tax Help - Promo Code 30OFF **Promo Code: "30OFF"** For anyone still looking for an affordable solution to handling your taxes on the Celsius distributions I have put together a complete course guide that goes over everything in depth (outlined below). Attached at the bottom of this post are a bunch of free resources I have available as well. As we round out Q2 I wanted to put out a promo code available through the end of the month **Take 30% off with "30OFF" promo code** **Course:****Calculate Your Celsius Loss with Koinly**(https://whop.com/celsiusbankruptcy/) This course covers: 1." [Reddit Link](https://redd.it/1lly51y) 2025-06-27T16:22Z [--] followers, [--] engagements "Are Crypto Scams Tax Deductible removed CryptoScams CryptoScams" [Reddit Link](https://redd.it/1m6hjy4) 2025-07-22T15:43Z [--] followers, [--] engagements "Are Crypto Scams Tax Deductible The short answer: Depending on facts and circumstancesYES # Tax Deductibility Pig butchering and similar scams are deductible under**IRC 165(c)(2**). Recent guidance published on 3/14/2025 inChief Counsel Memorandum 202511015(https://www.irs.gov/pub/irs-wd/202511015.pdf) further supports and clarifies this type of theft loss deductibility. Here's how it works and what you need to know about it: IRC 165(c)(2)(https://irc.bloombergtax.com/public/uscode/doc/irc/section_165)allows individuals to deduct losses that are: [--]. Incurred as a result of a transaction" [Reddit Link](https://redd.it/1m6huq2) 2025-07-22T15:55Z [--] followers, [--] engagements "Are Crypto Scams Tax Deductible tax tax" [Reddit Link](https://redd.it/1m7fd2b) 2025-07-23T17:23Z [--] followers, [--] engagements "Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) CelsiusNetwork CelsiusNetwork" [Reddit Link](https://redd.it/1fe7egh) 2024-09-11T11:05Z [--] followers, [----] engagements "Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) CryptoTax CryptoTax" [Reddit Link](https://redd.it/1fe7eoh) 2024-09-11T11:05Z [--] followers, [--] engagements "Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) IonicDigitalStock IonicDigitalStock" [Reddit Link](https://redd.it/1feb1iq) 2024-09-11T14:08Z [--] followers, [---] engagements "Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1febj1f) 2024-09-11T14:29Z [--] followers, [---] engagements "Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) tax tax" [Reddit Link](https://redd.it/1fegtde) 2024-09-11T18:05Z [--] followers, [---] engagements "UPDATE: How To Calculate Your Celsius Loss (Youtube Video) Hi everyone I made a YouTube video going over exactly how to calculate your Celsius loss as well as whiteboard out an example of the calculation for those that want to follow along. See here: How to Calculate Your Celsius Loss: Full Koinly Article Walkthrough With Examples(https://partners.countonsheep.com/CelsiusBankruptcyGuide-YTR) A few months ago I made this post Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With" [Reddit Link](https://redd.it/1gjolf7) 2024-11-04T20:38Z [--] followers, [--] engagements "How to Calculate Celsius Tax Using Koinly - CPA Guide **EDIT: This sale has passed DM me if youd like a special discount to the course.** Hi all it is that time of the year. tax time. My name is Justin and I am the Head CPA at my crypto accounting firm Count On Sheep(https://countonsheep.com). Over the last several months I have written filmed and posted a LOT of free content around how to properly perform the Celsius tax calculation to account for the distributions and claim your capital loss (in most cases). I'll attach links to those at the bottom of this post. On top of all this free" [Reddit Link](https://redd.it/1igta2i) 2025-02-03T16:36Z [--] followers, [---] engagements "How to Download Jupiter Perps Transaction CSV jupiterexchange jupiterexchange" [Reddit Link](https://redd.it/1imartw) 2025-02-10T16:54Z [--] followers, [--] engagements "How to Calculate Celsius Tax Using Koinly - CPA Guide (50% off) **For a limited time the course is 50% OFF (down to just $199).** No discount codes required just use the link below. ============================================================================ Hi all it is that time of the year. tax time. My name is Justin and I am the Head CPA at the crypto accounting firmCount On Sheep(https://countonsheep.com). Over the last several months I have written filmed and posted a LOT of free content around how to properly perform the Celsius tax calculation to account for the distributions and" [Reddit Link](https://redd.it/1iy1idu) 2025-02-25T18:08Z [--] followers, [---] engagements "Crypto Tax Explained [----] - Part I: The Basics of How Crypto is Taxed CryptoTax CryptoTax" [Reddit Link](https://redd.it/1jahpef) 2025-03-13T17:38Z [--] followers, [---] engagements "Crypto Tax Explained [----] - Part II: Navigating New Regulations CryptoTax CryptoTax" [Reddit Link](https://redd.it/1jx2rar) 2025-04-11T22:43Z [--] followers, [--] engagements "Crypto Tax Guide: AMP Rewards (V2 & V3) AMPToken AMPToken" [Reddit Link](https://redd.it/1khb93f) 2025-05-07T23:04Z [--] followers, [---] engagements "IRS Letters Guide: [----] 6174-A [----] and CP2000 CryptoTax CryptoTax" [Reddit Link](https://redd.it/1lap7xv) 2025-06-13T19:47Z [--] followers, [---] engagements "NEW REGULATION EXPLAINED: The Genius Clarity and Anti-CBDC Surveillance State Act u/JustinCPA u/JustinCPA" [Reddit Link](https://redd.it/1m5watd) 2025-07-21T21:57Z [--] followers, [--] engagements "2025 Tax Loss Harvesting Help (US) CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1pkt2wj) 2025-12-12T14:24Z [--] followers, [--] engagements "Serious Tax on Crypto Transaction Fees (US) CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1pp6egf) 2025-12-17T20:00Z [--] followers, [--] engagements "Removed by moderator CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1qeots6) 2026-01-16T19:35Z [--] followers, [--] engagements "2025 Tax Loss Harvesting Guide (FAQs & What You Need to Know) CryptoTax CryptoTax" [Reddit Link](https://redd.it/1pjdqzf) 2025-12-10T20:37Z [--] followers, [---] engagements "Final reminder to tax loss harvest CryptoTax CryptoTax" [Reddit Link](https://redd.it/1q0i721) 2025-12-31T17:25Z [--] followers, [--] engagements "Can't import crypto tax report to TurboTax CryptoTax CryptoTax" [Reddit Link](https://redd.it/1qeoq8d) 2026-01-16T19:35Z [--] followers, [--] engagements "Can't import crypto tax report to TurboTax TurboTax TurboTax" [Reddit Link](https://redd.it/1qeortz) 2026-01-16T18:58Z [--] followers, [--] engagements "Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It Coinbase Coinbase" [Reddit Link](https://redd.it/1qzk1gz) 2026-02-08T20:39Z [--] followers, [---] engagements "Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It CryptoTax CryptoTax" [Reddit Link](https://redd.it/1qzk3he) 2026-02-08T20:39Z [--] followers, [---] engagements "Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It Kraken Kraken" [Reddit Link](https://redd.it/1qzk5y7) 2026-02-08T22:06Z [--] followers, [---] engagements "Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It Gemini Gemini" [Reddit Link](https://redd.it/1qzkees) 2026-02-08T20:51Z [--] followers, [--] engagements "UPDATE: How To Calculate Your Celsius Loss (Youtube Video) CelsiusNetwork CelsiusNetwork" [Reddit Link](https://redd.it/1gjjpp4) 2024-11-04T17:27Z [--] followers, [---] engagements "Celsius Loans A Complete Tax Guide (Whiteboard Example + Other Resources Linked) CelsiusNetwork CelsiusNetwork" [Reddit Link](https://redd.it/1i1gbo5) 2025-01-14T21:02Z [--] followers, [--] engagements "On my way to Singapore Token2049 🛫 u/JustinCPA u/JustinCPA" [Reddit Link](https://redd.it/1ns99he) 2025-09-27T23:17Z [--] followers, [--] engagements "Tax loss harvesting serious CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1poi6e5) 2025-12-17T00:18Z [--] followers, [---] engagements "2025 Transaction Fee Updates Explained CryptoTax CryptoTax" [Reddit Link](https://redd.it/1pp63fz) 2025-12-17T19:49Z [--] followers, [--] engagements "Can't import crypto tax report into TurboTax Coinbase Coinbase" [Reddit Link](https://redd.it/1qeosis) 2026-01-16T18:56Z [--] followers, [--] engagements "Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It CryptoCurrency CryptoCurrency" [Reddit Link](https://redd.it/1qzk51n) 2026-02-08T20:41Z [--] followers, [---] engagements "Removed by moderator tax tax" [Reddit Link](https://redd.it/1qzkfln) 2026-02-08T20:53Z [--] followers, [--] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@JustinCPA JustinCPA
JustinCPA posts on Reddit about cryptocurrency, if you, losses, how to the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.
Engagements: [---] #
- [--] Week [-----] +380%
- [--] Month [-----] +301%
- [--] Months [-----] +57%
- [--] Year [------] +25%
Mentions: [--] #
- [--] Month [--] -36%
- [--] Months [--] -49%
- [--] Year [--] +6.90%
Followers: [-----] #
- [--] Months [-----] +0.14%
- [--] Year [-----] +57%
CreatorRank: [---------] #
Social Influence
Social category influence finance countries cryptocurrencies technology brands exchanges social networks stocks travel destinations events
Social topic influence cryptocurrency #1849, if you, losses, how to, crypto, hodl, in a, you have, don t, has been
Top accounts mentioned or mentioned by @strettocommailtocelsiusdistribution @strettocom
Top assets mentioned Cardano (ADA) Ethereum (ETH) AMP Token (AMP) Coinbase Global Inc. (COIN) Litecoin (LTC) Celsius (CEL) FilesCoins Power Cu (FILECOIN) The 99% Community (99)
Top Social Posts
Top posts by engagements in the last [--] hours
"Understanding How Crypto Gifts Are Taxed: What You Need to Know I have been seeing a lot of similar questions around how crypto gifts are taxed so I thought I'd make a post breaking it down and clarifying some of the recurring questions. [--]. When receiving a gift you do not pay any tax. Receiving a gift is a tax free event for the recipient. [--]. When giving a gift you may be subject to the "gift tax" for the amount over the annual exclusion limit ($17k for 2023). There is also a lifetime limit ($12.92M for 2023). The gift tax amount is not fixed and can range from 18%-40% on the amount over the"
Reddit Link 2024-04-30T17:58Z [----] followers, [--] engagements
"Understanding How Crypto Gifts Are Taxed: What You Need to Know tax tax"
Reddit Link 2024-04-30T18:56Z [----] followers, [--] engagements
"Crypto Tax Scam: "Pig Butchering" I've received [--] calls today and [--] in the last week from people asking if they've caught themselves in a scam. It's clear this scam is on the rise so I wanted to make a quick post describing it in hopes of preventing others from falling victim. The scam is called "Pig Butchering" and works as follows: [--]. **An Internet Stranger Befriends You:**Often this person is of the opposite sex. They are friendly and not very pushy. [--]. **Gaining Trust:**They build personal trust through regular communication and even engage in multiple video calls. [--]. **Investment"
Reddit Link 2024-06-10T23:33Z [----] followers, [--] engagements
"Crypto Tax Scam: "Pig Butchering" tax tax"
Reddit Link 2024-06-10T23:34Z [----] followers, [--] engagements
"Crypto Tax Scam: "Pig Butchering" I've received [--] calls today and [--] in the last week from people asking if they've caught themselves in a scam. It's clear this scam is on the rise so I wanted to make a quick post describing it in hopes of preventing others from falling victim. The scam is called "Pig Butchering" and works as follows: [--]. **An Internet Stranger Befriends You:**Often this person is of the opposite sex. They are friendly and not very pushy. [--]. **Gaining Trust:**They build personal trust through regular communication and even engage in multiple video calls. [--]. **Investment"
Reddit Link 2024-06-10T23:37Z [----] followers, [---] engagements
"For the love of god please harvest your losses I know its been a bloodbath with Hex and most of you are sitting on losses. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position sell your coins record the tax loss and then just buy back immediately. Best to at least benefit from the loss now than just sitting on a fat unrealized loss. You can use it to offset other capital gains and even up to $3000 in ordinary income. Too many of my clients come through my door with these massive Hex losses ($300k is the biggest Ive"
Reddit Link 2024-06-19T04:49Z [----] followers, [---] engagements
"For the love of god please harvest your losses USA Only I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T17:29Z [----] followers, [---] engagements
"For the love of god please harvest your losses USA Only I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T17:42Z [----] followers, [---] engagements
"For the love of god please harvest your losses USA Only I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T17:58Z [----] followers, [---] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:00Z [----] followers, [---] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:03Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:07Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:08Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:13Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:14Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:14Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:16Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:16Z [----] followers, [--] engagements
"For the love of god please harvest your losses removed litecoin litecoin"
Reddit Link 2024-06-20T18:21Z [---] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:23Z [----] followers, [--] engagements
"For the love of god please harvest your losses USA ONLY I know its been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out. Cant do anything to make the price go up but what you can do is harvest your damn loss. Even if you want to keep your position Sell your coins record the tax loss and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit"
Reddit Link 2024-06-20T18:23Z [----] followers, [--] engagements
"Understanding How Crypto Gifts Are Taxed: What You Need to Know USA Only # Introduction I have been getting a lot of similar questions around how crypto gifts are taxed so I thought I'd make a post breaking it down and clarifying some of the recurring questions. See the bottom for some strategy on how to optimize gifts and donations. # When receiving a gift you do not pay any tax. Receiving a gift is a tax free event for the recipient. # When giving a gift you may be subject to the "gift tax". For gifts over the annual exclusion limit ($17k for 2023) you must report the gift on Form 709"
Reddit Link 2024-06-21T16:13Z [---] followers, [---] engagements
"Crypto Tax Scam: "Pig Butchering" I've received over [--] calls in the last few weeks from people asking if they've caught themselves in a scam. It's clear this scam is in full throttle so I wanted to make a quick post describing it in hopes of preventing others from falling victim. The scam is called "Pig Butchering" and works as follows: [--]. **An Internet Stranger Befriends You:**Often this person is of the opposite sex. They are friendly and not very pushy. This introduction can be done in many different ways including "oops wrong number" texts. [--]. **Gaining Trust:**They build personal trust"
Reddit Link 2024-06-24T16:16Z [----] followers, [---] engagements
"FTX Claims Value Soar CryptoCurrency CryptoCurrency"
Reddit Link 2024-06-26T16:54Z [---] followers, [--] engagements
"How to Obtain Transaction History Beyond [---] Days I am reconciling one of my client's crypto taxes and he has used MEXC for years. The API import is garbage and only pulled in [--] transfers. I asked him to collect the rest of the data via CSV download but he sent me a screenshot saying it only goes up to [---] days back. Most of his activity is before that. Anyone run into the same issues Solutions MEXC_official MEXC_official"
Reddit Link 2024-07-10T20:54Z [----] followers, [--] engagements
"Koinly Affiliate & Client Invite Links Don't Work Whenever I invite a client to Koinly they click on the link and create an account. But as soon as they hit "sign up" it takes them off of our link and onto the generic one. This stops their account from auto-syncing to our account and we then have to give them instructions on how to invite us. Same thing with our affiliate links. Whenever people go through our links we never see it. I tested it and as soon as you hit "sign up" using the affiliate link it strips away our affiliate identifier and takes them to the generic sign up page. Is this"
Reddit Link 2024-08-28T23:52Z [----] followers, [--] engagements
"MATIC -- POL 1:1 Conversion Professionals of r/CryptoTax what are your thoughts on the MATIC -- POL conversion While the conversion is mostly automatic (excluding MATIC on Ethereum) and the assets are substantially the same will the IRS view this conversion as a forced exchange and thus taxable event Personally I'm having a hard time justifying this as a taxable event and believe cost basis and holding period should be carried over. Curious to hear others' stance. Appreciate your input CryptoTax CryptoTax"
Reddit Link 2024-09-12T22:32Z [----] followers, [--] engagements
"A Comprehensive Guide: How To Calculate Your Celsius Losses (with examples) Disclaimers: USA Only Guide is For Celsius Earn Accounts Do Your Own Research ============================================================================ # Introduction The Celsius bankruptcy has impacted hundreds of thousands of people. While many are happy to have received distributions the tax impact is quite complex. I have scraped the internet looking for a reputable and comprehensive guide detailing exactly how to handle the distributions. **To my surprise I have not found a guide that is both reputable"
Reddit Link 2024-09-15T16:51Z [--] followers, [--] engagements
"The IRS just released updated draft form 1099-DA. Crypto tax enforcement is imminent. CryptoCurrency CryptoCurrency"
Reddit Link 2024-09-17T01:44Z [----] followers, [----] engagements
"Celsius Tax Write Offs & Bankruptcy: Complete Guide [----] Koinly CryptoCurrency CryptoCurrency"
Reddit Link 2024-09-17T15:56Z [----] followers, [---] engagements
"Revenue Procedure 2024-28: What You Need to Know + Strategy On Allocation (USA) USA Only # Background Earlier this year the IRS released Revenue Procedure 2024-28(https://www.irs.gov/pub/irs-drop/rp-24-28.pdf) implementing changes with significant impacts to how taxpayers are allowed to track cost basis effective January [--] 2025. I've seen some chatter speculation and misinformation across various sources and subreddits regarding this. I'm a licensed CPA (CA) and would like to clarify what is changing what isn't changing and how to go about the change in order to remain compliant. #"
Reddit Link 2024-10-25T14:22Z [----] followers, [--] engagements
"Revenue Procedure 2024-28: What You Need to Know + Strategy On Allocation (USA) USA Only # Background Earlier this year the IRS releasedRevenue Procedure 2024-28(https://www.irs.gov/pub/irs-drop/rp-24-28.pdf) implementing changes with significant impacts to how taxpayers are allowed to track cost basiseffective January [--] 2025. I've seen some chatter speculation and misinformation across various sources and subreddits regarding this. I'm a licensed CPA (CA) and would like to clarify what is changing what isn't changing and how to go about the change in order to remain compliant. #"
Reddit Link 2024-10-25T14:24Z [----] followers, [--] engagements
"Please. consider harvesting your losses Commentary from USA perspective I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to"
Reddit Link 2024-10-25T18:54Z [----] followers, [--] engagements
"Please. consider harvesting your losses Commentary from USA perspective I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to"
Reddit Link 2024-10-25T19:03Z [----] followers, [---] engagements
"Please. consider harvesting your losses Commentary from USA perspective I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to"
Reddit Link 2024-10-25T19:09Z [----] followers, [--] engagements
"Please. consider harvesting your losses Commentary from USA perspective I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to"
Reddit Link 2024-10-25T19:12Z [----] followers, [--] engagements
"Please. consider harvesting your losses Commentary from USA perspective I am a crypto-focused CPA (USA) and right now am reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. Don't be the guy sitting on massive unrealized losses just because you want to hodl. If you have unrealized losses there are very real tax benefits you are missing out on by not realizing them. Swap your losers for USDC to"
Reddit Link 2024-10-25T19:14Z [----] followers, [--] engagements
"What To Know About The Wash Sale Loophole + Tax Loss Harvesting Before Year-End Disclaimer: USA ONLY DYOR ============================================================================ # Intro I am a crypto-focused CPA (USA) and am currently reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. # The Basics It is important to first understand some basic definitions: * "Tax Loss Harvesting" is"
Reddit Link 2024-10-28T16:32Z [----] followers, [---] engagements
"What To Know About The Wash Sale Loophole + Tax Loss Harvesting Before Year-End Disclaimer: USA ONLY DYOR ============================================================================ # Intro I am a crypto-focused CPA (USA) and am currently reviewing tax loss harvesting opportunities for my clients as we approach year-end. MANY of my clients have unrealized losses they are sitting on across various tokens and many of them are completely unaware to the tax benefits of selling the losers. # The Basics It is important to first understand some basic definitions: * "Tax Loss Harvesting" is"
Reddit Link 2024-10-28T16:44Z [----] followers, [--] engagements
"Form 1099-DA Explained: How New Reporting Requirements Will Impact Crypto Investors (USA) The IRS Form 1099-DA is planned to take effect January [--] [----] and will be required for all digital asset brokers. # Introduction The IRS has drafted the first ever tax form specific to crypto and digital assets. This form Form 1099-DA will fundamentally change how cryptos are reported to the IRS and individuals shifting much of the reporting responsibility off of the taxpayer and onto "brokers". More on that later. # Background In April [----] the IRS released the first draft of Form 1099-DA with"
Reddit Link 2024-11-01T15:11Z [----] followers, [--] engagements
"Form 1099-DA Explained: How New Reporting Requirements Will Impact Crypto Investors (USA) The IRS Form 1099-DA is planned to take effect January [--] [----] and will be required for all digital asset brokers. # Introduction The IRS has drafted the first ever tax form specific to crypto and digital assets. This form Form 1099-DA will fundamentally change how cryptos are reported to the IRS and individuals shifting much of the reporting responsibility off of the taxpayer and onto "brokers". More on that later. # Background In April [----] the IRS released the first draft of Form 1099-DA with"
Reddit Link 2024-11-01T15:13Z [----] followers, [--] engagements
"UPDATE: How To Calculate the Tax Impact For Second BTC Distribution (Youtube Video) Hi everyone quick tax update for the second BTC distribution A few months ago I made a full guide on how to calculate the tax impact of the Celsius distributions for Class [--] creditors (the large majority of people) and posted it here as well as authored it as an article for the Koinly blog. After much positive feedback I made a YouTube video guide going over the article as well as performing the full calculation on a whiteboard for Example #1 in the guide so you can all follow along with the calc. As many of"
Reddit Link 2024-12-08T21:04Z [----] followers, [---] engagements
"Feature Request: Selecting Multiple Reports for Multiple Years to Download Please let us select all the reports we want to download and for each year we want to download so we can download all at once. As a service provider in the space Im so tired of wasting time selecting each report I want to download for each year wastes at least 15-20 minutes for each client. Not to mention Koinly only lets you download [--] reports every [--] minutes. Have received this error message multiple times on Fridays at 5pm koinly koinly"
Reddit Link 2024-12-11T05:33Z [----] followers, [--] engagements
"Celsius Tax Guide: An Alternative Approach to Capture More Loss in [----] Disclaimers: USA Only Guide is For Celsius Earn Accounts Do Your Own Research ============================================================================ Edit: Want extra help See here: Step-by-Step Guide to Calculate Your Loss AND Apply it in Koinly(https://www.reddit.com/user/JustinCPA/comments/1hpssd0/celsius_tax_guide_a_complete_stepbystep_of_how_to/utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) Hi everyone a few months ago I posted a complete guide to calculating your"
Reddit Link 2024-12-19T19:28Z [--] followers, [---] engagements
"Celsius Tax Guide: An Alternative Approach to Capture More Loss in [----] IonicDigitalStock IonicDigitalStock"
Reddit Link 2024-12-19T23:01Z [----] followers, [--] engagements
"REVENUE PROCEDURE 2024-28 + SAFE HARBOR GUIDE: What You Need to Know (and Do) Before Year-End +FAQs I have seen so. many. posts. about this. I have replied to the same or tangential question over and over so I am making this post to hopefully clear things up for everyone. Moving forward I will just be linking to this post to answer people's questions. Feel free to link for others if you wish. For context and disclosure my name is Justin and I am the Head CPA at crypto accounting firm "Count On Sheep". # Introduction Revenue Procedure 2024-28(https://www.irs.gov/pub/irs-drop/rp-24-28.pdf) is"
Reddit Link 2024-12-22T17:22Z [----] followers, [---] engagements
"REVENUE PROCEDURE 2024-28 + SAFE HARBOR GUIDE: What You Need to Know (and Do) Before Year-End +FAQs (USA Only) USA Only I have seen so. many. posts. about this. I have replied to the same or tangential question over and over so I am making this post to hopefully clear things up for everyone. Moving forward I will just be linking to this post to answer people's questions. Feel free to link for others if you wish. For context and disclosure my name is Justin and I am the Head CPA at crypto accounting firm "Count On Sheep". # Introduction Revenue Procedure"
Reddit Link 2024-12-22T17:24Z [----] followers, [--] engagements
"Celsius Tax Guide: A Complete Step-by-Step of How to Calculate Your Loss AND Apply it in A Tax Software (Guide Uses Koinly) It's come to my attention that there are a TON of people who need professional help with the Celsius calculation. While some lost enough to where to they are willing to hire a professional for full service help others have reached out to me looking for a more affordable alternative. While the guides and videos I have posted are detailed many are looking for even more detailed help with the calculation as well as detailed instructions for how to apply the calculation into"
Reddit Link 2024-12-30T17:44Z [----] followers, [--] engagements
"Please download your KuCoin files - your friendly CPA Please on behalf of every crypto CPA out there download your KuCoin files. You wont be able to very soon and you wont like the tax consequences of not keeping those records. CryptoTax CryptoTax"
Reddit Link 2025-01-21T02:50Z [----] followers, [--] engagements
"How to Calculate Celsius Tax Using Koinly - CPA Guide IonicDigitalStock IonicDigitalStock"
Reddit Link 2025-02-03T20:02Z [----] followers, [--] engagements
"SOS - Koinly Down EDIT: Resolved. Huge thanks to the Koinly team for such a quick fix. Please help. Koinly is down and showing this error. Our entire team is stalled working through accounts in the middle of tax season. https://preview.redd.it/n3nryiuzyble1.pngwidth=1033&format=png&auto=webp&s=4f54d54bde15cbd99665344d1ca753e8e21bd5f2 Koinly has gone dark a few times for us this tax season but this is the first time seeing this error. We have utilized Koinly for the vast majority of our clients so having Koinly down is extremely problematic for us. koinly koinly"
Reddit Link 2025-02-25T18:47Z [----] followers, [--] engagements
"MAJOR CELSIUS TAX UPDATE Approach to Realize ENTIRE Amount as a THEFT LOSS in [----] Taxes Disclaimers: USA Only I Am Not Your Personal CPA Do Your Own Research & Talk to Your Own Tax Professional Write-Up Focuses on Class [--] Creditors ============================================================================ Full Video Explanation + Whiteboard Calculation: https://youtu.be/e9eYX4_tKwE(https://youtu.be/e9eYX4_tKwE) # What changed After much in-depth analysis and discussions with tax attorneys and individuals close to this case and the guidance published on 3/14/2025 in Chief Counsel"
Reddit Link 2025-03-15T19:26Z [--] followers, [---] engagements
"MAJOR CELSIUS TAX UPDATE Approach to Realize ENTIRE Amount as a THEFT LOSS in [----] Taxes IonicDigitalStock IonicDigitalStock"
Reddit Link 2025-03-15T19:37Z [----] followers, [--] engagements
"Celsius Tax: Rationale for Claiming as a THEFT LOSS in [----] Disclaimers: USA Only I Am Not Your Personal CPA Do Your Own Research & Talk to Your Own Tax Professional Write-Up Focuses on Class [--] Creditors ============================================================================ # New Video Explanation Last week I put out a post(https://www.reddit.com/r/CelsiusNetwork/comments/1jc2z3t/major_celsius_tax_update_approach_to_realize/utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) detailing a possible approach to realize the Celsius bankruptcy as a"
Reddit Link 2025-03-20T18:32Z [--] followers, [--] engagements
"Celsius Course Flash Sale $99 TODAY ONLY That's right. Trying to meet month-end revenue goals. For those who follow me and see this feel free to grab the course for just $99 TODAY ONLY. Expiring tonight at 11:59pm PST. Special Checkout Link: Celsius Course Guide(https://whop.com/checkout/plan_CnQgcgnzSn0Zxd2c=true) u_JustinCPA u_JustinCPA"
Reddit Link 2025-03-31T22:48Z [----] followers, [--] engagements
"Celsius Tax: Statement of Theft Loss Deduction Under IRC 165(c)(2) Disclaimers: I Am Not Your Personal CPA Do Your Own Research & Talk to Your Own Tax Professional ============================================================================ First off thank you to all those who have purchased the course. I hope you feel it has been worth the money for the detailed lessons screen sharing excel sheets/memo and personal discord support. I truly appreciate you willing to support the work and effort I've put in to making it a process as painless as possible. With that said I know others still"
Reddit Link 2025-04-04T03:16Z [--] followers, [---] engagements
"Crypto Pig Butchering Scams & Deductibility Under IRC 165(c)(2) As of recent I have been hearing from a LOT of people who have fallen victim to crypto pig butchering scams. Surprisingly I see a lot of tax professionals saying that sucks the [----] Tax Cuts and Jobs Act disallowed theft loss deductions so youre out of luck. I wanted to make this post to (1) identify the key functions of this type of scam to help people determine if they are victims and (2) point to guidance on how this type of loss is generally DEDUCTIBLE which is a substantial silver lining for those who have been"
Reddit Link 2025-04-08T18:42Z [--] followers, [--] engagements
"Crypto Pig Butchering Scams & Deductibility Under IRC 165(c)(2) As of recent I have been hearing from a LOT of people who have fallen victim to crypto pig butchering scams. Surprisingly I see a lot of tax professionals saying that sucks the [----] Tax Cuts and Jobs Act disallowed theft loss deductions so youre out of luck. I wanted to make this post to (1) identify the key functions of this type of scam to help people determine if they are victims and (2) point to guidance on how this type of loss is generally DEDUCTIBLE which is a substantial silver lining for those who have been"
Reddit Link 2025-04-08T18:46Z [--] followers, [--] engagements
"Crypto Pig Butchering Scams & Deductibility Under IRC 165(c)(2) As of recent I have been hearing from a LOT of people who have fallen victim to crypto pig butchering scams. Surprisingly I see a lot of tax professionals saying that sucks the [----] Tax Cuts and Jobs Act disallowed theft loss deductions so youre out of luck. I wanted to make this post to (1) identify the key functions of this type of scam to help people determine if they are victims and (2) point to guidance on how this type of loss is generally DEDUCTIBLE which is a substantial silver lining for those who have been"
Reddit Link 2025-04-08T18:49Z [--] followers, [---] engagements
"BREAKING NEWS: The Controversial "DeFi Broker Rule" has been KILLED On April [--] [----] President Donald Trump signed a resolution officially killing the controversial IRS "DeFi Broker Rule" a regulatory measure that would have fundamentally reshaped the decentralized finance (DeFi) landscape in the United States. Originally introduced during the final days of the Biden administration the rule sought to expand the definition of a broker to include decentralized finance platformsentities that by design operate without intermediaries or centralized control. Had the rule gone into effect it would"
Reddit Link 2025-04-11T15:56Z [----] followers, [--] engagements
"The Controversial "DeFi Broker Rule" has been KILLED On April [--] [----] President Donald Trump signed a resolution officially killing the controversial IRS "DeFi Broker Rule" a regulatory measure that would have fundamentally reshaped the decentralized finance (DeFi) landscape in the United States. Originally introduced during the final days of the Biden administration the rule sought to expand the definition of a broker to include decentralized finance platformsentities that by design operate without intermediaries or centralized control. Had the rule gone into effect it would have forced DeFi"
Reddit Link 2025-04-11T15:57Z [----] followers, [---] engagements
"PROCRASTINATOR25 Promo Code For all you procrastinators waiting till right before deadline. take 25% off the course and ruin my weekend with your questions. Course: Calculate Your Celsius Loss with Koinly(https://whop.com/celsiusbankruptcy/) This course covers: [--]. Compete Step-By-Step Video Lessons for: [--]. Capital Loss Approach + Application in Koinly(https://koinly.io/via=3001125D&utm_source=affiliate) * Including videos for handling loans + convenience class * Including videos for those using both Universal and Wallet-Based cost tracking * How to optimize loss using"
Reddit Link 2025-04-11T20:41Z [--] followers, [---] engagements
"How to Get Your Celsius Transaction Data and File an Extension I am aware that Stretto has been taking significantly longer to provide creditors their Celsius CSV transaction data. Requesters would typically hear back within 24-48 hours but due to tax season and many requests being made wait times are spanning weeks. The first thing you should do if you don't have your data to do the calculation is to FILE AN EXTENSION(https://www.irs.gov/filing/get-an-extension-to-file-your-tax-return). This is actually extremely easy to do and can be done in just [--] minutes. You don't need to pay someone to"
Reddit Link 2025-04-14T14:09Z [--] followers, [--] engagements
"Crypto Tax Explained [----] - Part III: Gifts Disclaimer: The following information provided is based on US guidelines. Always consult your own tax professional for advice tailored to your situation. ============================================================================ # Intro Crypto gift tax is a complicated topic that I am constantly asked about. "Do gifts result in tax Who pays it How to determine how much". The answer is not always straightforward and there are many moving parts. This post aims to clear up the most commonly asked questions outline (with supporting evidence) the"
Reddit Link 2025-04-15T19:21Z [--] followers, [--] engagements
"Tax implications of rewards Im a CPA specializing in crypto and Ive noticed a lot of confusion around how AMP rewards are taxed especially with the timing of when rewards are received auto-compounding and dominion & control. If theres enough interest Ill put together a no-BS guide breaking down how this works when its taxable how to track it and what to do if youve never reported it. Would that be helpful to anyone here If so I'm curious what the biggest pain points are so I can make sure to address. AMPToken AMPToken"
Reddit Link 2025-04-22T16:12Z [----] followers, [---] engagements
"Anyone going to Consensus [----] in Toronto Myself and a few members of my team will be out there If you're attending let me know and let's connect u_JustinCPA u_JustinCPA"
Reddit Link 2025-05-05T21:37Z [----] followers, [--] engagements
"Consensus 50% off promo deleted u_JustinCPA u_JustinCPA"
Reddit Link 2025-05-14T17:34Z [--] followers, [--] engagements
"Consensus [----] +special shortcode ;) If you're at Consensus hit me up Would love to meetup and say hello. https://preview.redd.it/phd42sjrst0f1.jpgwidth=2316&format=pjpg&auto=webp&s=6dc8f1720d4baeaec67fd3fd228d03e178b8f476 And even if you aren't at Consensus but have been thinking about utilizing our service I STRONGLY suggest you book a call through this special Consensus link: Book a"
Reddit Link 2025-05-14T22:54Z [----] followers, [--] engagements
"Tax Help - Promo Code 30OFF Promo Code: "30OFF" For anyone still looking for an affordable solution to handling your taxes on the Celsius distributions I have put together a complete course guide that goes over everything in depth (outlined below). Attached at the bottom of this post are a bunch of free resources I have available as well. As we round out Q2 I wanted to put out a promo code available through the end of the month Take 30% off with "30OFF" promo code **Course:**Calculate Your Celsius Loss with Koinly(https://whop.com/celsiusbankruptcy/) This course covers: 1."
Reddit Link 2025-06-27T16:22Z [--] followers, [--] engagements
"Are Crypto Scams Tax Deductible removed CryptoScams CryptoScams"
Reddit Link 2025-07-22T15:43Z [--] followers, [--] engagements
"Are Crypto Scams Tax Deductible The short answer: Depending on facts and circumstancesYES # Tax Deductibility Pig butchering and similar scams are deductible underIRC 165(c)(2). Recent guidance published on 3/14/2025 inChief Counsel Memorandum 202511015(https://www.irs.gov/pub/irs-wd/202511015.pdf) further supports and clarifies this type of theft loss deductibility. Here's how it works and what you need to know about it: IRC 165(c)(2)(https://irc.bloombergtax.com/public/uscode/doc/irc/section_165)allows individuals to deduct losses that are: [--]. Incurred as a result of a transaction"
Reddit Link 2025-07-22T15:55Z [--] followers, [--] engagements
"Are Crypto Scams Tax Deductible tax tax"
Reddit Link 2025-07-23T17:23Z [--] followers, [--] engagements
"Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) CelsiusNetwork CelsiusNetwork"
Reddit Link 2024-09-11T11:05Z [--] followers, [----] engagements
"Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) CryptoTax CryptoTax"
Reddit Link 2024-09-11T11:05Z [--] followers, [--] engagements
"Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) IonicDigitalStock IonicDigitalStock"
Reddit Link 2024-09-11T14:08Z [--] followers, [---] engagements
"Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) CryptoCurrency CryptoCurrency"
Reddit Link 2024-09-11T14:29Z [--] followers, [---] engagements
"Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With Examples) tax tax"
Reddit Link 2024-09-11T18:05Z [--] followers, [---] engagements
"UPDATE: How To Calculate Your Celsius Loss (Youtube Video) Hi everyone I made a YouTube video going over exactly how to calculate your Celsius loss as well as whiteboard out an example of the calculation for those that want to follow along. See here: How to Calculate Your Celsius Loss: Full Koinly Article Walkthrough With Examples(https://partners.countonsheep.com/CelsiusBankruptcyGuide-YTR) A few months ago I made this post Celsius Bankruptcy: A Comprehensive Guide To Calculating Your Losses (With"
Reddit Link 2024-11-04T20:38Z [--] followers, [--] engagements
"How to Calculate Celsius Tax Using Koinly - CPA Guide EDIT: This sale has passed DM me if youd like a special discount to the course. Hi all it is that time of the year. tax time. My name is Justin and I am the Head CPA at my crypto accounting firm Count On Sheep(https://countonsheep.com). Over the last several months I have written filmed and posted a LOT of free content around how to properly perform the Celsius tax calculation to account for the distributions and claim your capital loss (in most cases). I'll attach links to those at the bottom of this post. On top of all this free"
Reddit Link 2025-02-03T16:36Z [--] followers, [---] engagements
"How to Download Jupiter Perps Transaction CSV jupiterexchange jupiterexchange"
Reddit Link 2025-02-10T16:54Z [--] followers, [--] engagements
"How to Calculate Celsius Tax Using Koinly - CPA Guide (50% off) For a limited time the course is 50% OFF (down to just $199). No discount codes required just use the link below. ============================================================================ Hi all it is that time of the year. tax time. My name is Justin and I am the Head CPA at the crypto accounting firmCount On Sheep(https://countonsheep.com). Over the last several months I have written filmed and posted a LOT of free content around how to properly perform the Celsius tax calculation to account for the distributions and"
Reddit Link 2025-02-25T18:08Z [--] followers, [---] engagements
"Crypto Tax Explained [----] - Part I: The Basics of How Crypto is Taxed CryptoTax CryptoTax"
Reddit Link 2025-03-13T17:38Z [--] followers, [---] engagements
"Crypto Tax Explained [----] - Part II: Navigating New Regulations CryptoTax CryptoTax"
Reddit Link 2025-04-11T22:43Z [--] followers, [--] engagements
"Crypto Tax Guide: AMP Rewards (V2 & V3) AMPToken AMPToken"
Reddit Link 2025-05-07T23:04Z [--] followers, [---] engagements
"IRS Letters Guide: [----] 6174-A [----] and CP2000 CryptoTax CryptoTax"
Reddit Link 2025-06-13T19:47Z [--] followers, [---] engagements
"NEW REGULATION EXPLAINED: The Genius Clarity and Anti-CBDC Surveillance State Act u/JustinCPA u/JustinCPA"
Reddit Link 2025-07-21T21:57Z [--] followers, [--] engagements
"2025 Tax Loss Harvesting Help (US) CryptoCurrency CryptoCurrency"
Reddit Link 2025-12-12T14:24Z [--] followers, [--] engagements
"Serious Tax on Crypto Transaction Fees (US) CryptoCurrency CryptoCurrency"
Reddit Link 2025-12-17T20:00Z [--] followers, [--] engagements
"Removed by moderator CryptoCurrency CryptoCurrency"
Reddit Link 2026-01-16T19:35Z [--] followers, [--] engagements
"2025 Tax Loss Harvesting Guide (FAQs & What You Need to Know) CryptoTax CryptoTax"
Reddit Link 2025-12-10T20:37Z [--] followers, [---] engagements
"Final reminder to tax loss harvest CryptoTax CryptoTax"
Reddit Link 2025-12-31T17:25Z [--] followers, [--] engagements
"Can't import crypto tax report to TurboTax CryptoTax CryptoTax"
Reddit Link 2026-01-16T19:35Z [--] followers, [--] engagements
"Can't import crypto tax report to TurboTax TurboTax TurboTax"
Reddit Link 2026-01-16T18:58Z [--] followers, [--] engagements
"Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It Coinbase Coinbase"
Reddit Link 2026-02-08T20:39Z [--] followers, [---] engagements
"Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It CryptoTax CryptoTax"
Reddit Link 2026-02-08T20:39Z [--] followers, [---] engagements
"Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It Kraken Kraken"
Reddit Link 2026-02-08T22:06Z [--] followers, [---] engagements
"Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It Gemini Gemini"
Reddit Link 2026-02-08T20:51Z [--] followers, [--] engagements
"UPDATE: How To Calculate Your Celsius Loss (Youtube Video) CelsiusNetwork CelsiusNetwork"
Reddit Link 2024-11-04T17:27Z [--] followers, [---] engagements
"Celsius Loans A Complete Tax Guide (Whiteboard Example + Other Resources Linked) CelsiusNetwork CelsiusNetwork"
Reddit Link 2025-01-14T21:02Z [--] followers, [--] engagements
"On my way to Singapore Token2049 🛫 u/JustinCPA u/JustinCPA"
Reddit Link 2025-09-27T23:17Z [--] followers, [--] engagements
"Tax loss harvesting serious CryptoCurrency CryptoCurrency"
Reddit Link 2025-12-17T00:18Z [--] followers, [---] engagements
"2025 Transaction Fee Updates Explained CryptoTax CryptoTax"
Reddit Link 2025-12-17T19:49Z [--] followers, [--] engagements
"Can't import crypto tax report into TurboTax Coinbase Coinbase"
Reddit Link 2026-01-16T18:56Z [--] followers, [--] engagements
"Don't Overpay: A CPA's Guide to Why Your 1099-DA Cost Basis is Missing & How to Fix It CryptoCurrency CryptoCurrency"
Reddit Link 2026-02-08T20:41Z [--] followers, [---] engagements
"Removed by moderator tax tax"
Reddit Link 2026-02-08T20:53Z [--] followers, [--] engagements
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