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Sunday, July 26, 2020 2:44:51 PM
If you are lucky you would only get taxed once on the interest with this new exchange/wallet/whatever you are using—assuming they provide a 1099. (Cred did send us one of those; I almost missed it.) Of course, if you are collecting interest in kind (i.e., XRP for XRP) wouldn’t they need to provide a dollar equivalent? You should probably inquire as to how it is reported so you are prepared. Do not be shy about using that Chat feature. Hope it is responsive like the Uphold one is (and not like the Cred one). Hmm, come to think of it, if Cred knew to send you a 1099, that means they knew you were a U.S. citizen; that would be hard to overlook, but maybe it is just your state (CT) that messes you up.
And watch your sales within 30 days, before AND after. I got stuck last year. I thought I had been careful to avoid wash sales, but one pair of transactions qualified. (Good thing we had an extra 3 months to do our taxes. Thanks to just one broker, who always has to send at least one corrected 1099, I was not ready in April.)
Meanwhile, speaking of Tether, did you notice XRP is in 3rd place again. Yay! Although I would prefer that was because we were above 22 cents, not because Tether is down to 97. Here is your chance, MS; didn’t you say you wanted to play those pendulum swings?
Speaking of reshuffling the top ten cryptos, while Link is pausing to refresh (and facing more competition in the DeFi space), it is getting passed by Crypto.com. Of course, I am not set up to buy Crypto.com. Hmm, smart choice in name. Figure that picks up some newbies just searching the net for crypto.
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
Recent XRPUSD News
- XRP Lawsuit: SEC Sticks to $2 Billion Fine on Ripple As Pressure On XRP Soars — Is This Your Buy Signal? • ZyCrypto • 07/05/2024 01:47:03 PM
- Why is XRP price down today? • Cointelegraph • 07/05/2024 08:34:40 AM
- Bitcoin Price Crashes Below $54,000: Top-5 Reasons • NEWSBTC • 07/05/2024 08:00:18 AM
- XRP Price Crashes 15%, Slips Under $0.40: Difficult Recovery Ahead • NEWSBTC • 07/05/2024 03:58:37 AM
- XRP Stars Align: Indicators Point To Possible 7,500% Rally To $35 • NEWSBTC • 07/05/2024 02:00:29 AM
- $6 XRP Price Very Likely as Recent Ruling on Crypto Secondary Sales Bolsters Ripple vs. SEC Case • ZyCrypto • 07/04/2024 07:49:41 PM
- XRP Price Ready for Bullish Spike: Fading Bearish Momentum and Solid Support • NEWSBTC • 07/04/2024 04:28:30 AM
- 200 Million XRP Tokens On The Move, Where Are They Headed? • NEWSBTC • 07/04/2024 03:00:08 AM
- Price analysis 7/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 07/03/2024 05:41:55 PM
- Ripple’s XRP May Have Just Ticked All Boxes For An Historic Explosive Rocket to $35 XRP Price • ZyCrypto • 07/03/2024 05:40:23 PM
- XRP Price Dip: Should Investors See This as a Buying Chance? • NEWSBTC • 07/03/2024 04:18:17 AM
- XRP Price Attempts Bullish Decoupling Amid Major Developments • NEWSBTC • 07/03/2024 12:30:04 AM
- 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market • NEWSBTC • 07/02/2024 03:30:26 PM
- XRP Price Maintains Support Level: What It Means For The Bulls • NEWSBTC • 07/02/2024 04:18:02 AM
- Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA • Cointelegraph • 07/01/2024 07:15:00 PM
- Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016 • NEWSBTC • 07/01/2024 01:00:39 PM
- XRP Price Set To Surge: Breaking This Resistance Could Trigger a Rally • NEWSBTC • 07/01/2024 04:28:09 AM
- XRP Lawsuit: Ripple Notches Massive Wins as CEO Brad Garlinghouse Clarifies XRP’s Security Status • ZyCrypto • 06/30/2024 11:16:15 AM
- XRP Dominance: Pundit Says Missing This Altcoin Could Be A Big Mistake • NEWSBTC • 06/29/2024 09:30:21 PM
- XRP Year-Long Curse Broken? Analyst Bullish On Crypto’s 240% Rally • NEWSBTC • 06/29/2024 05:30:18 PM
- Court allows most SEC claims to proceed in Binance suit • Cointelegraph • 06/29/2024 03:51:46 AM
- Price analysis 6/28: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 06/28/2024 08:00:00 PM
- XRP Price Fails To Ignite: Understanding The Downward Risks • NEWSBTC • 06/28/2024 04:18:28 AM
- Crypto Analyst Says ‘XRP Is In Trouble,’ Here’s Why • NEWSBTC • 06/27/2024 11:30:49 PM
- Coinbase Sues SEC, FDIC in Scathing Lawsuit Over Alleged Attempts To ‘Cripple’ Crypto • The Daily Hodl • 06/27/2024 06:41:21 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM