I Have To Start Over From Scratch, Again. by hitmeasap

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hive-167922 · @hitmeasap · Dec 29 '21

$105.75

I Have To Start Over From Scratch, Again.

<center>![startingover.png](https://images.hive.blog/DQmUzn6btQtJRR9NJZXsxJdjZj5VuK4oJTDeR4Ku1eg4S6n/startingover.png)</center>

---

<center><h3>Debts Are Awful, But Taxes Are Stupid</h3></center>

A couple of weeks back, I briefly explained that I am back again after being basically forced to quit/leave Hive and my vision for- and with Hive and what I think **we** can achieve with this amazing blockchain, the outstanding communities and the wonderful people. Simply put, things where pretty much shattered.

I am not really known for giving up, but I haven't had enough energy and power to squeeze lemons to make lemonade during the harsh time I've faced so I had to change certain things. I have been powering up- and down, cashing out and I have truly enjoyed and benefited from Hive (Steem) since I first joined, but things back-fired, hard, when I tried to "do the right" thing earlier this year. 

You see, I had no prior knowledge to blockchain technology- or cryptocurrencies when I stumbled upon this place the first time. With time came experience but I never started to invest in other cryptocurrencies than Hive (Steem) until pretty much last year. The year I finally decided to jump off the fence and get into crypto on a more serious basis.

That lead to some investments on a pretty regular basis. I grabbed whatever DOGE and BTC I could get my hands on. I even held some Steem, even though that should be taboo by now.

I am not looking to just hold cryptos for my entire life, because I want to use them when- and where I can, and even though I can see lots of potential, I am not convinced that crypto will change- and take over the FIAT-world like some might say or believe. That leads to selling (cashing out) and buying. Arbitrage. Buy low & sell high. Call it whatever you want. After all, that's basically what got me into this whole *"make money online"*-thing in the first place. I bought services and sold them to others.

Anyhow, things where looking pretty great, until I somehow realized that I need to be **serious** if I am going to be serious so to speak. I wouldn't say that it was my biggest mistake in life, but it was definitely the biggest mistake I could’ve made this year, because it wiped me out completely. And I doesn't mean that financially, even though I obviously took a huge blow.

Here's the thing. Sweden is messed up when it comes to crypto-taxes and I happened to be "one of those guys" who got caught with my hand in the cookie jar. Long story short, I was forced to back-track my "crypto-adventure" until the day when I first **owned** crypto. 

- That was in July 2016.

<center>![krypto.png](https://images.hive.blog/DQmVSfWKUabYYFDuS9ma98jrLCFy9zUiisVbdeVpwVcrqn8/krypto.png)</center>

**This is what it says:**

> *If you have sold, exchanged or paid with a cryptocurrency, you need to report this to the Swedish Tax Agency in connection with you declaring. If you have made a profit, you must pay tax on your profit, and if you have made a loss, you may deduct part of it. Cryptocurrency is also called cryptocurrency, virtual currency or digital currency.*

Nothing wrong here. You pay **30 percent** in tax on your profits.

**Here's the second part:**

> *When should I declare bitcoin and other cryptocurrencies?
If you are a private individual, you must declare your cryptocurrencies if, for example, you have:*

> - *Sold cryptocurrency.*
> - *Exchange a cryptocurrency for one or more other types of cryptocurrencies.*
> - *Exchange a cryptocurrency for a FIAT currency, such as USD.*
> - *Paid with cryptocurrency when buying a product (for example a pair of shoes) or a service (for example a taxi ride).*
> - *Lent cryptocurrency.*
> - *Used cryptocurrency as a gaming stake.*

I am not familiar with other countries and the tax regulations, but to me personally, Sweden's regulations made things **extremely** difficult, unfortunately.

There might be someone who knows a lot about this, and someone who knows exactly how to handle a case like the one I had (have), but I was stunned and didn't have much to say at the point, so to make a very long story short, I have been forced to pay taxes for cryptos all the way back to 2016. For various reasons:

I have sold crypto, I have exchanged (swapped) one crypto for another, I have exchanged cryptos to USD, I have "lent" crypto because I have sent crypto to other individuals and I have used cryptocurrencies to gamble. Both on Hive and outside of Hive.

Needless to say, one thing lead to another and I was pretty much stuck in a complete shitstorm. I can't put all the blame on the Swedish Tax Agency though, because I was the one behind all of the actions. I transferred crypto here and there, I bought and sold, I cashed out. I did all of those things but because I was looking to do "the right thing", I got caught big-time and no one was there to help me. They just told me to pay up.

I have to pay a few more grands until I am out of this hole but the "funniest" part of this, is that I am paying taxes on my profits, but I have also been paying those taxes **with** my profits. It's a tax-debt now though, so I am paying back money I owe in taxes, but I do that with crypto.

- Weird. To say the least.

Anyhow, I am here with more experience and I'm digging my way out of the hole again. This time, I won't be so ignorant and just *"believe what others say"* though, because there's nobody but me who's here for the consequences and to clean up the mess. Crypto is cool and all, but things would've been a lot easier if I had more knowledge going into this. That's on me though.

- **2022 will be different!**

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/i-have-to-start-over-from-scratch-again)

👍 leo.voter, edicted, jphamer1, nathanmars, steemychicken1, taskmaster4450le, seed-treasury, trumpman, pouchon, bitcoinflood, danielsaori, sharkthelion, ash, therealyme, whatsup, cryptictruth, onealfa, lbi-token, uwelang, preparedwombat, ecoinstats, netaterra, myvest, leveragetrading, organduo, ruth-girl, khaleelkazi, arcange, behiver, stortebeker, r0nd0n, scholaris, bleuxwolf, bozz, proofofbrainio, joalvarez, tamaralovelace, hykss.leo, tonyz, gualteramarelo, scaredycatguide, katerinaramm, adambarratt, richardcrill, mrchef111, steemexperience, vempromundo, bobthebuilder2, mightpossibly, jk6276, darth-azrael, videosteemit, francis.melville, gohive, roleerob, simplegame, allcapsonezero, kristall97, drricksanchez, bananass, asteroids, facundosanchez, successforall, yogajill, and 309 others

`author`	hitmeasap
`permlink`	i-have-to-start-over-from-scratch-again
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properties (23)vote details (373)

voter	rshares	pct
steemychicken1	2,173,517,421,735	100%
ash	748,236,217,182	100%
onealfa	317,926,657,946	30%
leprechaun	1,229,666,100	50%
rxhector	10,605,774,493	50%
arcange	179,437,923,348	2%
alz190	2,029,441,484	50%
raphaelle	1,396,761,697	2%
webdeals	14,166,960,271	70%
jphamer1	3,127,388,315,383	100%
velourex	1,580,606,176	50%
scaredycatguide	100,712,722,541	100%
netaterra	255,600,795,509	10%
uwelang	261,038,182,476	21%
richardcrill	89,240,916,860	52.5%
whatsup	438,020,222,990	100%
r0nd0n	161,532,858,173	100%
successforall	36,484,496,028	30%
walterjay	5,527,084,395	0.35%
darth-azrael	55,125,938,345	24%
automaton	2,763,852,501	100%
darth-cryptic	11,056,330,686	24%
steemitboard	6,838,882,173	2%
pouchon	924,911,569,824	29%
danielsaori	794,771,642,663	100%
preparedwombat	258,903,295,245	23%
freebornsociety	1,333,180,588	10%
l337m45732	3,276,908,489	14%
tamaralovelace	120,081,558,472	100%
eliel	4,046,213,078	1.75%
swelker101	10,696,830,440	50%
scooter77	25,372,243,519	21%
tonyz	107,192,504,686	59%
trumpman	1,574,285,733,893	100%
stortebeker	164,023,523,085	100%
bitcoinflood	831,190,914,298	51%
ew-and-patterns	15,044,263,163	5%
imransoudagar	11,845,790,771	100%
joeyarnoldvn	611,231,391	1.76%
jaraumoses	14,503,932,078	100%
ruth-girl	203,870,065,710	50%
coffeelovers	3,813,104,757	50%
summertooth	1,974,075,933	50%
adambarratt	90,710,440,525	100%
allcapsonezero	44,250,405,085	100%
shebe	617,422,493	8%
nathanmars	2,756,570,833,834	33%
tykee	944,587,267	12.5%
khalil319	793,554,288	12.5%
francis.melville	54,153,150,734	70%
jasonbu	737,881,580	1%
jeanlucsr	5,581,701,426	7.8%
tesaganewton	19,984,552,582	50%
leveragetrading	226,578,240,608	33%
marketinggeek	553,297,456	35%
joalvarez	126,213,614,514	88%
bobthebuilder	1,197,477,770	35%
roleerob	52,378,509,637	12.5%
rodent	19,694,211,337	90%
khaleelkazi	187,054,705,276	39%
mightpossibly	60,936,413,924	50%
vintherinvest	26,468,686,563	12.5%
katerinaramm	100,153,516,980	100%
gattino	9,245,598,125	100%
yogajill	36,319,190,413	100%
funt33	388,191,694	100%
vempromundo	77,589,005,251	100%
californiacrypto	2,688,478,351	50%
calumam	7,387,819,769	100%
edicted	6,766,204,286,527	100%
purefood	3,591,028,551	39%
videosteemit	54,990,115,840	100%
bozz	141,240,271,558	15%
cryptictruth	375,728,536,105	100%
michelmake	542,509,715	35%
organduo	204,970,687,150	39%
mrchef111	81,933,351,503	50%
knowhow92	9,000,965,956	25%
gadrian	14,988,553,111	10%
steemexperience	77,821,915,696	52.5%
getron	639,932,571	25%
trumpman2	11,483,488,702	100%
crystalhuman	2,120,123,982	100%
simplegame	51,725,030,243	100%
gallerani	1,461,777,636	25%
jk6276	56,282,536,313	100%
triptolemus	671,050,489	39%
fiberfrau	4,523,993,461	100%
pboulet	516,162,768	0.7%
oakshieldholding	1,880,317,718	70%
ecoinstats	257,370,717,082	100%
sbi9	22,755,522,486	11.41%
kabasakal	696,926,190	100%
kristall97	41,883,577,011	16.5%
canon12	7,114,227,051	100%
banat	5,246,400,554	25%
hibbi	636,688,043	12.5%
bleuxwolf	147,455,824,115	50%
retrodroid	6,748,694,662	24%
shainemata	558,071,504	1%
jacuzzi	12,178,308,310	17.5%
flyingbolt	1,774,779,228	25%
ctime	15,315,261,044	2.5%
maskuncoro	2,652,021,745	50%
limka	0	12.16%
steemstreems	27,580,598,945	100%
mister-eagle	849,566,333	100%
senstlessmonster	995,746,143	70%
daniel-vs	645,988,158	25%
tina-vs	836,821,864	25%
contrabourdon	19,286,226,011	35%
engrsayful	868,758,648	6.25%
megavest	11,926,322,457	25%
rollingbones	418,413,886	50%
scholaris	155,892,732,076	100%
aboutheraklion	1,051,582,522	50%
travelwritemoney	3,055,660,175	25%
hamza-sheikh	895,460,616	100%
steem-key	4,027,364,937	100%
leovoter	3,590,930,793	100%
mindtrap-leo	2,429,950,791	100%
leo.voter	16,331,901,961,380	25%
leo.curator	1,504,603,981	31.2%
onealfa.leo	23,317,033,234	70%
empoderat	8,073,973,628	70%
vxc.leo	610,619,151	100%
leo.bank	651,861,028	25%
ejmh	2,070,004,571	100%
learn.leo	807,956,273	39%
asteroids	38,256,324,668	39%
poam	844,522,106	38.61%
arctis	648,213,937	38.22%
taskmaster4450le	1,719,414,206,028	100%
eloi	677,831,889	38.61%
refinement	741,700,760	39%
furtherance	665,481,200	39%
emeka4	5,263,031,148	50%
coinlogic.online	8,871,301,932	12.5%
chloem	576,106,340	39%
leotrail	3,321,719,860	100%
therealyme	569,816,040,038	10%
oelgniksivart	602,323,793	19.5%
viki76	590,652,685	25%
crimianales	682,796,382	19.5%
autowin	724,934,631	39%
meosleos	717,945,430	38.61%
lnakuma	30,258,872,438	100%
faireye	588,909,810	17.5%
leomaniacsgr	1,030,620,270	50%
sharkthelion	763,400,974,429	100%
sportal	2,375,280,392	25%
grad.best	2,354,516,020	25%
fengchao	1,978,897,096	1%
laruche	30,631,439,441	0.7%
ykretz	1,064,328,113	2.5%
thisismylife	8,777,179,264	75%
penned-bullshit	726,680,515	50%
behiver	179,272,503,669	100%
globalcurrencies	862,001,288	70%
hive.curation	29,535,496,941	14.62%
rmsadkri	11,972,872,709	50%
beehivetrader	3,069,404,849	12.5%
brofund-leo	1,922,062,221	100%
concreatejungle	1,515,669,586	99%
plusvault	1,043,531,962	49.5%
notaboutme	7,749,497,011	100%
whiskeyjack1231	1,701,477,014	100%
gohive	53,766,619,299	100%
eddie-earner	5,875,454,301	100%
linco-leo	622,740,485	35%
ztfo	792,631,434	37.05%
bepresent	659,535,173	37.05%
jobar	779,483,759	39%
kaef	705,535,906	37.05%
gcomplex	673,946,807	39%
hanez	850,835,264	39%
minebb	697,223,756	37.83%
dalz.shorts	1,031,853,569	32.5%
plasticsoul	727,601,069	39%
druma	732,068,659	39%
ropehold	672,956,381	39%
infihedge	784,312,496	39%
strk	671,309,362	39%
stackfi	759,853,004	39%
hemerit	698,044,919	39%
midtrain	657,580,726	39%
starle	675,856,858	39%
thorc	663,488,986	39%
basechain	660,775,238	39%
flowc	662,005,803	39%
jfang003	15,447,432,416	20%
psgood	703,643,918	39%
tv-d	662,171,341	39%
alorian	663,291,314	39%
slat	661,923,843	39%
protoleo	662,482,075	39%
muski	675,128,249	39%
netaterra.leo	910,950,037	25%
twrk	698,895,154	39%
leoschein	2,258,059,227	100%
gualteramarelo	104,830,807,120	100%
eth2	717,034,089	39%
lbi-token	301,306,091,174	100%
tslap	717,863,140	39%
hodol	696,834,851	39%
sapphirecrypto	4,702,650,513	100%
jmsansan.leo	508,991,627	50%
theco	716,877,415	39%
muskland	718,258,431	39%
hochismin	704,796,084	39%
finleo	683,047,090	39%
sharkleo	3,693,212,238	50%
givup	716,456,530	39%
etheru	725,472,226	39%
leo.tokens	2,169,920,619	25%
bynd	726,202,153	39%
elong	715,577,097	39%
logroll	739,479,162	39%
outperform	721,110,651	39%
hykss	520,275,299	7%
foreo	724,456,650	39%
capsule	721,825,842	39%
opick	8,863,815,835	100%
sn8	722,730,589	39%
fundament	722,588,113	39%
livingdigitally	495,555,692	35%
index-a	708,758,630	39%
myvest	239,385,657,088	100%
kropak	697,806,716	39%
feelfor	709,996,748	39%
mercador	700,466,702	39%
companyx	726,754,880	39%
cranium.leo	626,574,768	100%
hallogen	709,764,770	39%
hodldays	703,534,859	38.61%
hykss.leo	119,658,321,863	35%
belemo.leo	2,519,407,809	100%
fremo	701,179,399	39%
deliveries	694,163,421	37.83%
jackedup	678,498,045	37.83%
compoundin	699,650,861	38.61%
sofs-su	28,253,276,609	33.71%
waiting8	701,570,733	37.83%
starked	693,874,195	39%
mk2	686,457,220	37.05%
yieldgrower	3,785,020,933	100%
ghostdrive	701,174,770	37.83%
thatbull	723,566,988	39%
nirvana3003	5,997,148,273	100%
heimdalla	712,255,587	38.22%
pitchleo	708,020,515	39%
hollywoodz	710,821,058	39%
zbh1	715,043,926	38.61%
blockhire	712,035,981	39%
f82	722,630,506	39%
natureway	721,829,891	39%
knowhere	711,712,129	39%
gamor	706,717,609	39%
dvision	712,028,523	39%
quantumant	721,550,881	39%
aniol77	538,054,367	100%
savagetobi	2,867,648,407	100%
cvlwar	712,933,091	39%
sanctum	721,402,169	39%
challa	695,442,775	39%
apeople	718,815,444	39%
quantumblank	735,152,423	39%
endgames	842,271,493	39%
bananass	38,436,323,241	65%
justbuild	720,053,394	39%
realleader	734,851,912	39%
gohodl	720,783,812	39%
leverup	703,058,287	37.83%
bobthebuilder2	71,841,614,467	54.6%
megaleoschein	1,428,905,789	80%
buildhedge	712,684,765	38.61%
elongate	732,150,529	39%
dugsix	1,669,249,994	100%
seevision	710,808,164	38.22%
zdigital222	218,637,435	82%
finguru	21,122,613,240	80%
runify	734,094,737	39%
houseoftribes	684,520,893	99%
luckyali.leo	2,165,797,864	70%
cybermusk	725,316,404	39%
star.leo	3,107,448,013	100%
cornerbreak	725,807,108	39%
findbalance	733,933,491	39%
saylorfy	747,868,412	39%
lasergang	725,682,713	39%
billionsight	709,832,947	39%
darkelon	725,045,922	39%
onemission	705,387,269	39%
totalrekall	729,108,490	39%
brofi	0	10%
proofofbrainio	141,007,038,075	35%
capitalcost	704,540,477	39%
creodas	580,137,719	18.75%
mayor333	16,939,855,336	100%
bhealy	2,015,081,548	100%
kaffee34	306,492,771	100%
drricksanchez	41,281,635,641	10%
stablefi	708,485,847	39%
ledg	732,937,481	39%
cryptololo	3,990,060,039	35.1%
ironhot	732,766,622	39%
mylioness	726,880,019	39%
maori4life	809,920,593	100%
broadhive-org	1,903,214,295	12.5%
alokkumar121.leo	5,920,496,940	100%
generatornation	708,280,131	100%
imno	1,124,287,994	6.25%
pubgood	729,659,263	39%
darinapogodina	1,732,643,274	100%
bitjoins	704,055,358	39%
maurofolco	1,668,226,360	100%
alekst7	2,000,383,001	100%
tolf	728,917,929	39%
interpretation	785,229,997	10%
hodlmi	701,290,872	38.22%
trezor777	24,202,660	100%
holovision.cash	23,454,651	100%
optionfreedom	688,887,177	39%
selectyourself	721,535,560	39%
onealfa.pob	4,089,373,474	50%
aldara	4,029,799,686	100%
scholaris.pob	6,268,186,291	70%
robmojo.leo	1,813,788,984	50%
amberkashif	9,539,680,848	28%
readthisplease	2,955,680,471	15%
meesterbrain	610,852,624	50%
mimi05	6,534,638,572	80%
flamistan	626,578,947	52%
da-prince	647,353,907	50%
leifasaur	12,618,775,866	100%
fcuatro	873,474,916	80%
speedtuning	869,333,981	100%
jocieprosza.leo	4,183,482,533	100%
thisismylife.leo	1,327,061,086	75%
foreverhero	254,509,987	100%
sophiapics29	133,627,664	100%
wongi	2,477,845,791	91%
seed-treasury	1,649,851,058,279	70%
leopuma	10,476,376,701	100%
insight.pob	458,638,867	43%
banzafahra	812,631,131	12.5%
knowledge23.pob	584,195,456	50%
williamtboy	244,603,585	11%
trasto	11,047,180,776	70%
ray5fan	455,764,077	100%
dawan	345,914,991	100%
davdiprossimo	33,372,919,944	100%
manokrios	5,642,737,018	100%
bigbraincurator	1,467,050,234	100%
facundosanchez	37,891,704,342	100%
emdy4	35,037,014	100%
firstborn.pob	499,057,155	25%
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@behiver · Dec 30 '21

Crypto taxes seem to be a fact nowadays and when taking profits out of them we need to pay the government as well, even if they did nothing to help us. Lucky enough in my country I only need to pay 10% and I might that some profits in 2022 before that changes.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@behiver/re-hitmeasap-5tswys)

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@bozz · Dec 29 '21

I am afraid I could be in this position at some point in time.  I have some money set aside that I am going to use to pay taxes, but if I have to go all the way back to the beginning it could get messy.  Like you though I should be able to cover any outstanding debt with my crypto and not have to touch any of my traditional funds for it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-hitmeasap-3kjfs4)

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@hitmeasap · Dec 29 '21 (edited)

$0.20

Yeah.. Not sure how things are in other countries, or if this is a "regular thing" so to speak in Sweden either, but I definitely got caught in it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-bozz-7dqbl2)

👍 bozz

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@bozz · Dec 29 '21

Sorry to hear that!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-hitmeasap-4we8sc)

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1 reply

@codingdefined · Dec 31 '21

I think paying 30% tax is good than declaring everything to the government as well as selling everything because the government is planning to ban it, here in India

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@codingdefined/re-hitmeasap-6pxiqn)

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@cwow2 · Dec 29 '21

$0.05

Whatever its worth, its "only" 30% tax.
Denmark have a tax of 57% on Crypto x)

👍 vimukthi, eatthebugs

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@hitmeasap · Dec 29 '21

Oh, shit.. That would probably have put me on the streets.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-cwow2-35jmkw)

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@cwow2 · Dec 29 '21

Well, its only the crypto tax xD

Kinda why I haven't told them about my crypto yet, waiting for that tax to get normal

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@dwayne16 · Dec 29 '21

RE: I Have To Start Over From Scratch, Again.

30% tax on crypto is way too much, you have gain experience now and must know how to navigate past the tax now.

Posted using [LeoFinance Mobile](https://leofinance.io)

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@hitmeasap · Dec 29 '21

That's true. I wish it where easier to pay taxes though. I mean, I'm doing things because I want to be a "good citizien" or whatever.. So one would think they would be happy with whatever they got.. But nope.

They needed my entire arm because I gave them my hand.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-dwayne16-6y4u2q)

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@eatthebugs · Dec 29 '21

I'm going to pay a tax preparer or learn how to become a tax preparer. Taxes on crypto levied by pedophile adrenochrome enthusiasts is fucking dumb and gay.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eatthebugs/re-hitmeasap-6gn8bz)

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@hitmeasap · Dec 29 '21

Yeah, I wish I knew more and a lot better before I decided to pay taxes.. It has been a living hell.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-eatthebugs-6bqaxm)

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@emaandrei1 · Dec 30 '21

Wow, 30% is a lot, in my country it's 10% out of the profits you make. And it is considered a profit, the second you transfer your money into your bank account. I am so sorry for you, honestly, it's quite harsh.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@emaandrei1/re-hitmeasap-2huxda)

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@fiberfrau · Dec 31 '21

So sorry to hear this. Income taxes are immoral, but governments use them because they, too, are immoral. Praying you get out of this hole and prosper in spite of the government.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@fiberfrau/re-hitmeasap-6lnmr)

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@foreverhero · Dec 30 '21

Taxes are insane, it seems more a way for governments to rip people off. Keeping under their control. People who don´t have much money are much easier to control. 

I hope you can pay them off soon enough and are able to make your profits again instead of having to give it all away. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@foreverhero/re-hitmeasap-yfdeg)

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@jerrythefarmer · Dec 29 '21

Taxes are a bitch and your story is even worse than the ones I heard over the years. I mean if I was forced to backtrack my log to when I first owned crypto and calculate all the profits/losses that would probably be impossible.

I know that many people use [crypto tax calculator](https://cryptotaxcalculator.io/) for this stuff so maybe that can help in the future.

I also don't want to alarm any regulators but if you ever need to *slide something under the table* Monero can be a good friend.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jerrythefarmer/re-hitmeasap-wskqf)

👍 eatthebugs

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@eatthebugs · Dec 29 '21

Teach me how to dodge the virgin IRS agents daddy.

I've heard of tornado cash too. I don't believe I should be taxed at all on crypto so I'm all for this. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eatthebugs/re-jerrythefarmer-2uguco)

👍 jerrythefarmer

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@jerrythefarmer · Dec 29 '21

There is a certain [Reddit thread](https://www.reddit.com/r/Monero/comments/o90grq/how_do_you_file_your_taxes_with_monero/) where money movement and taxes with Monero are explained within the subreddit rules.

KYC'd transactions need to be reported but no one had a comment on non-KYC transactions. A lot of removed comments should give you an idea.


Also, I hear that some people create their own tokens and rug themselves which counts as a capital loss unless someone figures out what you did.


Creativity plays a key role here as far as I can see.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jerrythefarmer/re-eatthebugs-6z3g7n)

👍 eatthebugs

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2 replies

@hitmeasap · Dec 29 '21

$0.02

Thank you. I might as well start to educate me even more for the future. I appreciate it!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-jerrythefarmer-6dh5vq)

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@jfang003 · Dec 29 '21

I am glad I don't do a lot of trading on KYC exchanges but I wonder if I will get hit with a tax bill in the future in all of this. Good luck paying off everything and I am glad I don't exactly trade off crypto a lot on the fiat off-ramp exchanges.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-hitmeasap-7qgh1n)

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@hitmeasap · Dec 29 '21

$0.02

If I knew this would happen, I would've done things very different in the past. Even though this obviously sucks a huge D, I'm trying to remain positive and see things from a different perspective. I mean, this could've happened a few years from now instead, and things would've been a lot worse.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-jfang003-8cney)

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@mistakili · Dec 30 '21

So sorry about this. I wish you best and quickest recovery 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistakili/re-hitmeasap-4dkweo)

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@mykos · Jan 1 '22

Well the reality of the situation is that most people in crypto are just like you. Unfortunately they also don't understand that the majority of these cryptocurrencies probably including this hive chain are unregistered securities. So projects like bitcoin myk which i spearhead is working on moving to nonprofit organization status.

However regulation will crush and destroy most of these projects. The problem is most people are so quick to try to make money and get rich they don't research or study. It's alot to know and it's too many people with the wrong info and pushing the wrong illegal projects that confuse everyone.


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mykos/re-hitmeasap-3lcyyf)

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@onealfa.vyb · Dec 29 '21

![boom_vyb2.jpg](https://images.hive.blog/DQmU5cagcfk6fZ37ZoRy5x5jbxxEGZEgobmsPuobFJb7Sra/boom_vyb2.jpg)

👍 ykretz.leo

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@hitmeasap · Dec 29 '21 (edited)

Your support means a great deal to me, I truly appreciate it in these times. Makes my "comeback" easier. Thanks ikran! ;)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-onealfa-vyb-3xvxka)

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@pizzabot · Dec 29 '21

<center>PIZZA! 


PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments:
@sharkthelion<sub>(2/10)</sub> tipped @hitmeasap (x1)


<sub>Learn more at https://hive.pizza.</sub></center>

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@poshtoken · Dec 29 '21 (edited)

https://twitter.com/hitmeasap/status/1476184637344997377
https://twitter.com/TheManCaveProj1/status/1476297606250782720
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

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@preparedwombat · Dec 29 '21

About as crazy in America. They’ll nail me at some point but right now I have no idea how I’d even start figuring out what I might owe. Tens of thousands of transactions. What a mess.

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@hitmeasap · Dec 29 '21

Indeed. The regulations where even worse in the beginning, but they sure have some catching up to do.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-preparedwombat-6dtmbo)

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@scaredycatguide · Dec 29 '21

Damn, they are as bad, maybe even worse than the U.S. and that is saying something.

Glad you are on the road back to normalcy.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/re-hitmeasap-7c6zme)

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@hitmeasap · Dec 29 '21

Thanks, I appreciate it. Yeah, it has been a nightmare.. But I guess I'd rather learn my lesson now instead of in a few years from now.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-scaredycatguide-5vsaji)

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@scholaris.pob · Dec 29 '21

I really hope 2022 is different.  Medical bills are horrid.

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@hitmeasap · Dec 29 '21

I don't have any direct personal experience about that as we have more or less free healthcare in Sweden.. But I've heard some really, really depressing stories.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-scholaris-pob-3fwl5n)

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@scholaris.pob · Dec 29 '21

Sweden.  I know it exists.  It just seems like a magical place.

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@sharkthelion · Dec 29 '21

$0.03

I hope 2022 is a better year for you. I think someday, there will have to be a new country created for all of the crypto people who want to opt out of interacting with corrupt (or at least inefficient) governments.

👍 dustsweeper, eatthebugs

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@hitmeasap · Dec 29 '21

$1.51

I'm sure 2022 will be better. These last couple of months have been really crazy. It's a mess at work with bullying and an overall crappy work environment, a colleague killed herself by jumping in front of a train, this whole crypto-tax craziness and on top of it all, I've been sick for the past 3 days and had to go test myself for Covid earlier today. Still waiting for the result.

That being said, I don't need much in 2022 to have a better year than this.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-sharkthelion-3akqvc)

👍 sharkthelion

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@sharkthelion · Dec 29 '21

Wow, sorry to hear all of that! I hear you! 2021 wasn't fun for me either. My mom died of ALS in April, I found out my brother has the gene that causes ALS (I might have it too), and my wife and I got separated. It was a pretty good year financially, but overall it wasn't so great.

I also got a Covid test today because I've been feeling vague symptoms, but several people at a job I worked for two weeks tested positive. 

When life hands you lemons, say fuck the lemons and make !PIZZA

properties (22)

1 reply

@steemstreems · Dec 29 '21

Yeah.  I have been dreading this very thing.  Unfortunately dreading doesn't fix the problem :-(

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@steemstreems/re-hitmeasap-6beym5)

properties (22)

@hitmeasap · Dec 29 '21

That is very true. I'd rather go through this thing now instead of in a few years though, but it has been a shitstorm.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-steemstreems-6jjbpn)

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@taskmaster4450le · Dec 29 '21

The tax laws are similar elsewhere and it is an accounting nightmare.  They treat the buying and selling of crypto like a security, ala stock.  So each transaction is a taxable event.

This, of course, gets absurd for those who are doing a lot of swapping.  It is why so many are ready to opt out of the system.

Personally I think there needs to be a few areas where privacy is provided and then it is game over.

We will see what developers come up with over the next couple  years.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-hitmeasap-6zq5vf)

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@hitmeasap · Dec 29 '21

How about just having to pay taxes on the actual profit at the end of the year or whatever. That would make things much easier. All this other crap makes it near impossible.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-taskmaster4450le-7qde5a)

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@thisismylife · Dec 29 '21

Oh gosh, that sucks! I was afraid for this for a while as well, thankfully (the upside of it lol) I didn't have much to begin with, this is the first year that actually should mean something tax-wise. But thankfully I discovered after carefully consulting my accountant that here we only mention the part we have cashed out and pay a percentage of this part. Very easy.

Not sure how next year in Spain will be, I don't expect it to be this simple everywhere (and for years to come).

Sorry to read that you have to start over, but in a way it's also funny that you're paying them with the crypto earnings :)

Hopefully, you can come back quickly and do it the right way from now on. 



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@thisismylife/re-hitmeasap-4a8mbs)

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@hitmeasap · Dec 29 '21

$0.02

> *But thankfully I discovered after carefully consulting my accountant that here we only mention the part we have cashed out and pay a percentage of this part. Very easy.*

That makes total sense to me. I wish Sweden had the same regulations. I mean, come on, why on earth should I include information about me **lending** someone crypto? That's just ridiculous.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-thisismylife-6e3mmk)

👍 dustbunny, thisismylife

properties (23)vote details (2)

@thisismylife · Dec 30 '21

I agree, I know in my home country, it's different as well, I believe you have to declare how much crypto you own at January 1st or something like that. The rules here are super simmple, clear and I honestly partially fear the change next year as I believe it will be more of a headache.

Sweden seems to make it quite difficult, hopefully, you find a way to continue crypto though. Would be a shame if you are put off by government regulations. 

Good luck!

properties (22)

@tokenizedsociety · Dec 29 '21

I'm sorry to hear that man.

I'm afraid something similar will happen to me but I guess I'm safe for now because I avoid doing too man transactions on KYC exchanges and the regulators in my country are lost when it comes to crypto but I think eventually things will get just as bad

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tokenizedsociety/re-hitmeasap-uonu4)

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@hitmeasap · Dec 29 '21

Let's hope your country continues to be lost in terms of crypto taxes. That would make things easier. :)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-tokenizedsociety-6szqdd)

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@tomlee · Dec 31 '21

Taxes in crypto? I'm really shocked to read the above. I don't know why the Swedish Tax Council will come up with such outrageous percentage - 30% looks extorting. Well, they may have their reasons. 

You didn't include the consequences if you fail to pay the 30% tax

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tomlee/re-hitmeasap-12k4ah)

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@trezor777 · Dec 29 '21

Could you do another post explaining what you had to do to figure out your taxes relating to crypto? And also how you have taken care of the situation regarding the back taxes? Sounds like a nightmare...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@trezor777/re-hitmeasap-zg5un)

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@hitmeasap · Dec 29 '21

Haven't thought about that actually. Not sure I'll be able to make a good enough post explaining things, but I basically had to calculate my crypto transfers, since july 2016 until now.

The "good" thing is that I haven't used too many exchanges or a lot of different currencies, so it was rather easy to find all the transfers I had made.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-trezor777-5h73xs)

👍 trezor777

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@vimukthi · Dec 30 '21

> I can't put all the blame on the Swedish Tax Agency though, because I was the one behind all of the actions. I transferred crypto here and there, I bought and sold, I cashed out. I did all of those things but because I was looking to do "the right thing", I got caught big-time and no one was there to help me. They just told me to pay up.

It's not your fault that the governments and bureaucracies have messed everything up. Stay strong. 
Best of Luck!
!PIZZA 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vimukthi/re-hitmeasap-6b59ca)

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@williamtboy · Dec 29 '21

Now is the second time, I'm hearing about crypto currency tax. Nothing like that here in my country.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@williamtboy/re-hitmeasap-77gb66)

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@hitmeasap · Dec 29 '21

Damn, that sounds pretty awesome. I wonder how long it will take though, before more countries starts to grab a chunk of our crypto profits.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hitmeasap/re-williamtboy-4snphe)

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@williamtboy · Dec 30 '21

That's the fact

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@williamtboy/re-hitmeasap-2ahwcx)

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