Is Anything Else Taxable That I’m Missing?
I've been diving into my trading activities lately, and I want to make sure I'm not overlooking anything when it comes to taxes. I know gains from stocks and crypto are taxable, but what about those smaller trades or even staking rewards? Do you guys keep track of every single thing, or is there a threshold you follow?
I’ve heard some traders say they only report gains above a certain amount, but I’m worried about the IRS coming after me later if I miss something. How do you all handle tracking? Do you use any apps or tools that make it easier? Any advice on what to watch out for would really help me out!
Comments
I totally get your concerns! It's easy to overlook smaller trades and staking rewards. Personally, I track everything, no matter the size, just to be safe and avoid any issues with the IRS later. There are some great apps out there like CoinTracking or Koinly that can simplify the process by linking directly to your exchanges. It’s definitely better to be thorough than risk missing something important!