Sabitlenmiş Tweet
Summ
5.6K posts
Summ
@summ_app
Summ (formerly Crypto Tax Calculator). Adding clarity. Subtracting doubt. https://t.co/9uUEOLegJ3
Katılım Haziran 2020
803 Takip Edilen13.1K Takipçiler
lot of panic online about crypto taxes right now. most of it is aimed at the wrong people
the IRS is focused on people who aren't reporting at all. people who are genuinely trying to get their numbers right are in a completely different category
if you're pulling your history together and trying to file accurately, that's exactly what the system is designed for
English
@notthreadguy You need to get summ on your stream especially with that poly market logo there
x.com/summ_app/statu…
Summ@summ_app
Prediction markets like @Kalshi and @Polymarket are growing fast & the tax guidance hasn't kept up. We published a piece by @PatrickCamuso breaking down exactly what traders face at filing time and why there's no standard answer yet → four potential tax frameworks, each with different rates and outcomes → why Kalshi and Polymarket create different documentation challenges → what "reasonable" looks like when the IRS hasn't issued specific guidance worth reading before you file if you traded prediction markets in 2025 🫡
English
Outlaw combine harvesters!
Bernie Sanders@BernieSanders
Jeff Bezos, worth $234 billion, plans to replace 600,000 Amazon workers with robots. Now, he wants to spend $100 billion to fully automate not just his warehouses, but factories in the U.S & other countries. Oligarchs are waging all out war against workers. FIGHT BACK.
English
Prediction markets like @Kalshi and @Polymarket are growing fast & the tax guidance hasn't kept up.
We published a piece by @PatrickCamuso breaking down exactly what traders face at filing time and why there's no standard answer yet
→ four potential tax frameworks, each with different rates and outcomes
→ why Kalshi and Polymarket create different documentation challenges
→ what "reasonable" looks like when the IRS hasn't issued specific guidance
worth reading before you file if you traded prediction markets in 2025 🫡
Summ@summ_app
English
JUST IN: Gold is on pace for its worst week in years as the Iran oil crisis reduces expectations for rate cuts.
42% chance Gold crashes below $4,500 by the end of the month. polymarket.com/event/will-gol…
English
@elonmusk How's that 1099-DA coming along Elon? x.com/summ_app/statu…
Summ@summ_app
If you're staring at your 1099-DA and not sure where to start, here's a rough sequence that might help. → Collect your 1099-DA from every exchange you used. → Check the proceeds against your own records. They should generally match. → Look for $0 or blank cost basis. That's the part you'd need to fix. → Gather records from every other platform you used (wallets, DEXs, DeFi, staking). → Decide whether you're filing by April 15 or filing an extension. Crypto tax software like Summ can pull this together across 3,500+ platforms. Full 1099-DA FAQ on the blog.
English
reconciliation sounds like an accounting word but it's a pretty simple idea
every time you moved crypto somewhere, there's a source and a destination. reconciliation is just making sure those two things match up across every platform you used
when they don't match, gaps appear in your data. those gaps are usually why the numbers on your 1099-DA look off
English
Today is the Coinbase deadline for 1099-DA delivery. If you haven't received yours yet, it should be available to download in the taxes section of your account. 📄
→ The form shows gross proceeds. Not your gain, not your loss, just what you received from selling.
→ Cost basis is probably missing. This is by design for 2025. You're expected to calculate and report your own.
→ The IRS already has a copy. The proceeds on your tax return should match what's on this form.
English
🚨 UPDATE: Around $100B has been wiped out from the total crypto market cap today.
English
@CryptoWendyO just dropped a full breakdown of Form 1099-DA and what it means for your 2025 taxes
& of course, she's using Summ to handle it 😎
worth a watch before April 15 👇
English
Summ retweetledi
@degentalks Crypto Tax Calculator (now called Summ) - Is what I have used the past 2. Years. The API works well bringing in most wallet info. Even esoteric random Crypto. You also get a discount from coinbase.
English