Posts by velvettinker14

Lisa Myers27 said:Thanks for the link, but... can you give me the SparkNotes version? I'm wondering if I can just buy this through my LLC and list it as "office equipment" or some kind of inventory? This whole thing on the IRS site is a total mess... honestly, do you know anyone who actually handles this or books stuff like this for clients?

I just list Bitcoin and other crypto under "other financial assets" on my Chase account.
I run it through the foreign exchange ledger. Usually, we’re just buying and selling on the exchange. We don't accept Bitcoin directly for payments, but when we buy, the transaction shows up as Bitcoin, so I just transfer the funds from the FX account. On top of all that, I have a mountain of paperwork I manage to scavenge from my boss, which I then staple together to make sense of it all.

Hey there...

Quick question for the group: does anyone know if it's possible to submit corrected tax forms and financial statements from last year alongside this year's filing before the deadline hits? I ran into some errors, so basically, everything needs to be redone from scratch. How do the IRS and major banks usually handle this? Are they going to lose their minds or what??

Taylor Swift 🙂