Is day trading a huge PITA now with regards to tax reporting?
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I bought the worst time ever for crypto a few years ago. I forgot the exact date but I lost like 70-80% in months. ????????♂️
It wasn't a huge sum of money, and it was money I was mentally prepared to throw away..
Anyways, I haven't checked my balances and wallets for over two years and just decided to log into everything.
Something I never did previously but was always interested is day trading the crypto. I have a little bit of money sitting that I'm ready to do some gambling with - but will this result in a nightmare come tax time? When I was dabbling, it wasn't a tax report requirement. Plus I never sold anything so I had nothing to worry about ????
Is this something I should throw some time at? Or will I regret it come tax time? I am in the USA
Sorry for the babbling. ????
Thanks
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