Filing Taxes rant - The Great Awakening - Where We Go Qne, We Go All!

Filing Taxes rant

posted 2 years ago by Eagle77 2 years ago by Eagle77 +16 / -0

Im 18 and I sold some stocks and crypto and im scared as shit, I don't want to mess calculations up and have the IRS up my ass, plus my dads gonna get pist off and doesn't understand cryptocurrency, i want the IRS to disappear already. Young anon is shitting his pants and needs help to calm down.

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– Gotrek 0 points 2 years ago +1 / -1

I didn’t even think about it here the gov knows about your crypto and the exchanges report capital gains to them and we get a paper showing our gains/losses and there’s a box for it on the tax return form

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– Eagle77 [S] 1 point 2 years ago +1 / -0

could u explain better your grammar is not rly understandable, not tryna be rude.

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– RealCleanUpPhilly 1 point 2 years ago +1 / -0

What he's saying will be clear when you go through Turbotax.

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– LoriInNC 1 point 2 years ago +1 / -0

Stocks. Your broker platform should have forms that they have sent copies of to the IRS that report your capital gains.. Download those forms and print them out.
If you have worked a job, you may also have a W2 form that has been mailed to you. Print that out if you don't already have the paper copy.
Get a record of your crypto transactions. What you paid for them and what you sold them for. Print those out. The difference between your purchase price and your sell price is your realized gains/losses.
Go through TurboTax like Philly suggests and fill it out based on the documents from 1-3. If you get confused going through TurboTax or if it's not clear what you're supposed to do, then take your documents from 1-3 to a tax preparer like H&R Block for them to create your tax return for you.

You got this ;)

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