Recent content by tothemoon

did this last week. i was actually kind of impressed how high tech it was. you upload a picture, and then it does a video scan of you to prove it's you. alas, it couldn't verify my identity because i actually use a google voice number as my main number, which is not supported. my real mobile...

my mining rig doubles as a furnace during the winter :-)

crypto is still largely unregulated. since you don't have the keys to your wallet, if the company you're dealing with goes under, or gets hacked, etc., you could very well lose your funds forever. if you move funds to your own wallet where you own the private keys. now if you forget your...

the only thing i've noticed that FreeTaxUSA/TaxHawk doesn't support appears to be importing of 1099 transactions. they assume that all your cost basis is already reported to the IRS, so you can just enter a summary for each broker and short vs long term combination, and leave the individual...

yes. i've never used it, but there are 3 sections called out (partnership income, s corp income, estate & trust income) related to K-1.

yep, after they jacked up their prices i switched to FreeTaxUSA (also known as TaxHawk). i didn't have high expectations going in since it was so cheap, but i was absolutely floored with how much better it was compared to TaxAct. it handled both the federal and state forms with ease. in fact...

i think it'll happen sooner than you think. you can already buy crypto directly in paypal. interactive brokers recently introduced it as well. crypto will become mainstream in the most centralized way possible because the average joe/jane doesn't care about decentralized. they just want...

this would never fly at a traditional bank.

haven't got that far yet. but they do support extracting info directly off of the blockchain, which is all public.

tax.crypto.com is free and supports multiple exchanges. i'm waiting for them to update it to support 2021.

lol, wow. you'd expect a financial company with KYC to actually enforce it based on your user profile, not like netflix where you just change where you're connecting a viola, you have access to restricted content.

i've personally never had problems with vanguard. i had an old school mutual fund account, so i logged in once a year to make 1 trade into my IRA and that was it. then they started nagging me over and over about transitioning to a brokerage account. so i did....to fidelity. sign up was 2...

that's an interesting thought experiment, if every country creates their own blockchain for their currency.

i don't understand the draw of things like GBTC. why not just buy it directly and avoid all those fees? if you care about tax loss harvesting, crypto's in a gray area such that wash sales don't apply to it.

it doesn't need to be complicated. i just store all my private keys in my password manager, which already encrypts everything and has backups in the cloud. add 2FA on top of that and it's basically impossible to hack.