RE: Fuckery afoot 🤣 💎✋
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From my understanding, it's not a taxable event, but really, who freaking cares? People are so scared that they are going to get found out... My thing is that if I am not getting a 1099, they can kiss my ass for real. I will be happy to claim the stuff I get 1099'd on, but so far that can't happen with Hive, so there's that. The only exchanges I use for Hive are Hive Engine and Simple Swap. No KYC on those. The only thing I send to an exchange to 'cash' out is USDC from Coinbase... no capital gains on that. I mean if they wanted to trace my little small transactions, they can be my guest, but I don't have enough money for them to care, lol. But yea...Fuck the system!
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Yea I can agree with you on that no 1099 IRS can go suck on eggs.
KYC is a trap, and I hate Coinbase.
But than we would have massive deductions hahaha.
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