Please RT! 🧵👇
2/8 The IRS has offered no clear guidance on crypto taxation since 2014... Nodes, DAOs & NFTs are less than a year old, so the crypto space needs clarity on how to list income & expenses.
Until then, we must rely on CPAs to do their best to interpret the IRS's intent.
Mar 3, 2022 • 26 tweets • 6 min read
1/26 THE EPIC TAX GUIDE THREAD
From my upcoming free guide—Understanding Nodes
This is largely based on @koinly's Ultimate US Tax Guide (& other sources)
I was just going to include this section in my guide but it's SO topical, I felt compelled to post it now.
Please RT! 🧵👇
2/26 I had to do research on crypto taxes for myself anyway because I've never truly understood taxes. So I went full on Attack Dog Mode.
FWIW—I'm *not* a CPA so none of this should be considered as financial advice. I did my best, but speak up if you spot errors. Please!
Feb 20, 2022 • 8 tweets • 3 min read
I get daily questions on which investments I like. So, here's an overview of:
* main investments I'm in
* the cheapest nodes
* highest ROI nodes
Prices vary!
I'll go into more detail.
N.B. Nodes are a high-risk investment. Please do your own research. Not financial advice.
BIG PROJECTS:
$FIRE, #THOR, and $STRONG are the clear winners in the Big plays. I'd count $ATLAS here but I haven't bought a node yet. Fire is still somewhat new, but I like their model. And their ROI & price is consistently high.
Feb 19, 2022 • 7 tweets • 2 min read
So I went on a Retweet bonanza this week for people earning just $1-$5/day from passive income plays.
Why? Why was this such a big deal?
Because when you really understand what passive income *is*, you target it ruthlessly.
1/x
Let's use $1/day as an example.
At the face of it, $1/day doesn't seem impressive. That's not even a cup of coffee, right? Why bother?
But $1/day is the wrong metric to look at. Actually, it completely understates the real power of passive income.
2/x
