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2023-05-23 15:56:36 UTC
in reply to

Byzantine on Nostr: tax tips: 1. When given ability to take rapid depreciation of equipment, do it 2. ...

tax tips:

1. When given ability to take rapid depreciation of equipment, do it

2. Always sell btc as "specific ID" so you are not paying capital gains on old mined bitcoin that has appreciated but bitcoin that is very recently mined with no price appreciation

3. Keep track of all utxo lots via their transaction ID in case audited