Taxes are a bitch and your story is even worse than the ones I heard over the years. I mean if I was forced to backtrack my log to when I first owned crypto and calculate all the profits/losses that would probably be impossible.
I know that many people use crypto tax calculator for this stuff so maybe that can help in the future.
I also don't want to alarm any regulators but if you ever need to slide something under the table Monero can be a good friend.
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Thank you. I might as well start to educate me even more for the future. I appreciate it!
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There is a certain Reddit thread where money movement and taxes with Monero are explained within the subreddit rules.
KYC'd transactions need to be reported but no one had a comment on non-KYC transactions. A lot of removed comments should give you an idea.
Also, I hear that some people create their own tokens and rug themselves which counts as a capital loss unless someone figures out what you did.
Creativity plays a key role here as far as I can see.
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As long as everyone is informed on the risks I have nothing against creativity, even if it means wash trading NFTs.
Ty for the pepe
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