The IRS Will Ask Every Taxpayer About Crypto Transactions This Tax Season — Here’s How To Report Them

Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.35% to buy a Tesla TSLA, +1.75% and to buy or pay for lots of other things. However, using cryptocurrencies has federal income tax implications. Here’s what you need to know at 2021 tax return time if you made crypto transactions last year.

Understand this: the IRS wants to know about your crypto transactions
The 2021 version of IRS Form 1040 asks if at any time during the year you received, sold, exchanged, or otherwise disposed of any financial interest in any virtual currency. If you did, you are supposed to check the “Yes” box. The fact that this question appears on page 1 of Form 1040, right below the lines for supplying basic information like your name and address, indicates that the IRS is serious about enforcing compliance with the applicable tax rules. Fair warning.

When to check the ‘Yes’ box on crypto transactions
The 2021 Form 1040 instructions clarify that virtual currency transactions for which you should check the “Yes” box include but are not limited to: (1) the receipt of virtual currency as payment for goods or services that you provided; (2) the receipt or transfer of virtual currency for free that does not qualify as a bona fide gift under the federal tax rules; (3) the receipt of new virtual currency as a result of mining and staking activities; (4) the receipt of virtual currency as a result of a hard fork; (5) an exchange of virtual currency for property, goods, or services; (6) an exchange/trade of virtual currency for another virtual currency; (7) a sale of virtual currency; and (8) any other disposition of a financial interest in virtual currency.

If in 2021 you disposed of any virtual currency that was held as a capital asset through a sale, exchange, or transfer, check the “Yes” box and use familiar IRS Form 8949 and Schedule D of Form 1040 to figure your capital gain or loss. See Examples 1 and 4 below.

If in 2021 you received any virtual currency as compensation for services, check the “Yes” box and report the income the same way as you would report other income of the same nature. See Example 3 below.

When to check the ‘No’ box on crypto transactions
You cannot leave the virtual currency transaction question unanswered. You must check either the “Yes” box or the “No” box.

A transaction involving virtual currency does not include holding virtual currency in a wallet or account, or the transfer of virtual currency from one wallet or account that you own or control to another that you own or control. If that’s all that happened last year, check the “No” box.

Also check the “No” box if your only virtual currency transactions in 2021 were purchases of virtual currency for real currency, including the use of real currency electronic platforms such as PayPal PYPL, -1.43%.

Source: MarketWatch

Maez301 – Hello, Goodbye (2022)

Maez301 – Hello, Goodbye (2022)

Apple Music:
https://music.apple.com/us/album/hello-goodbye/1602095139

Spotify:
https://open.spotify.com/album/5gsO127BCA72Pnz5IZBUhZ

SoundCloud:
https://soundcloud.com/maez301-music/sets/hello-goodbye-173833846

YouTube:
https://www.youtube.com/watch?v=6DaTrN2oMM0&list=PLeKoILF7azzBYWv1PCyN3gOcTFv-8D6uk

The One Food You Should Never Order On A Flight, According To Experts

Feeling peckish on a flight? Go ahead, order a snack. Just make sure it’s not pasta.

Airline food catches a lot of flack for being a bit bland. However, it’s important to note that it’s more about the human body’s reaction to being 30,000 feet in the air than the actual food itself. A study conducted by Germany’s Fraunhofer Institute for Building Physics found the combination of dryness and low pressure on planes reduces the sensitivity of human taste buds for both sweet and salty by 30%.

Furthermore, as Fritz Gross, director of culinary excellence at LSG Sky Chefs Asia Pacific, told CNN in 2012, airlines aren’t as interested in taste as they are focused on food safety.

“Our top concern is actually food safety,” Gross said. “Because we do such a large volume, we cannot afford to have things in there that are not right. You can imagine how easily an airline can get sued.”

Why then is pasta off the menu? Because beyond food safety, Gross noted, some foods simply cannot handle the cooking process at altitude. Pasta, like all dishes in the air, is typically reheated before serving, meaning it’ll likely be well overcooked by the time it gets to you. If you’re expecting it al dente, you won’t be happy. Furthermore, if the ratio of sauce to pasta is off, it will likely lead to a sloppy mess that will be far from tasty.

Additionally, as Travel + Leisure previously explained, Dr. Charles Platkin, executive director of the Hunter College NYC Food Policy Center, reviewed and rated the foods available on 11 U.S. and Canadian airlines and noted that pasta or other carb-heavy meals may not be the best bet on flights for those either looking to find something healthy, or those hoping to arrive at their destination feeling alert.

“Eating lots of heavy carbs such as pasta with thick, dense sauces, breads, muffins or cakes will leave you feeling lethargic, cranky, and not full or satisfied,” he said. “Your blood sugar levels will spike and then fall, which will negatively impact how you feel.”

What then can a flier eat instead? The best bet may be to forgo airline food altogether and pack your own. Packing snacks like popcorn, protein bars, and whole fruits is easy, and even foods that are considered “liquid” like peanut butter and hummus come in TSA-friendly sizes, making it easier than ever to pack a few things, eat healthy, and avoid airline prices along the way.

Source: Travel + Leisure

Ukrainian Rapper Andy Cartwright Chopped Up And Fed To Rats By Wife After Affair With A Fan

A RAPPER was allegedly still alive when his wife chopped him up using a knife and hacksaw before she fed pieces of his body to rats.

Andy Cartwright was allegedly killed by his wife Marina Kokhal at their home in St Petersburg in a case that his shocked Russia.

Marina has admitted to dismembering Andy’s body – but claimed he died of a drug overdose and denies murdering him.

She claims she chopped up the 30-year-old’s remains so his fans would never know he had died such an “inglorious” death – and planned to report him as a missing person.

The 37-year-old remains the only suspect in the case and is currently under house arrest pending investigation.

His death came after she discovered he was having an affair with a 26-year-old fan.

Despite law enforcement’s efforts however, there was no evidence that she killed him.

But new forensic evidence suggests that Andy was still alive when he was dismembered and that he died from oxygen starvation, reports Russian media.

The bizarre case had been labelled in the press the “perfect murder” due to the lack of evidence and mysterious circumstances surrounding his death.

Sources told Russian media that Andy – real name Alexander Yushko – was in a state of “pronounced hypoxia” before he died.

Many of his organs were disposed of by Kokhal but the latest scientific evidence indicates the dismembering “occurred shortly – a few minutes, dozens of minutes – before death”.

Earlier, investigators had believed he died from an injection of a hard-to-trace insulin substitute drug intended for diabetics.

After she was held, Kokhal’s lawyers told how she was initially accused by detectives of “drinking her dead husband’s blood and having sex with his corpse”.

Some body parts were located in her fridge, others in bin liners intended for disposal, while his fingertips were fed to rats in the yard outside, it is alleged. 

Forensic experts say eight key organs were unavailable to them, namely his stomach, pancreas, oesophagus, gall and urinary bladders, intestines, adrenal glands, and prostate gland.

They were either missing or had been put through a washing machine, it was reported.

According to Komsomolskaya Pravda, “not a drop of blood” was found in his remaining body parts – yet he had a critically low level of glucose perhaps due to “drug administration”.

Marina and Andy’s child has been sent to an orphanage while the investigation continues – with the case due to return to court this month.

Defence lawyers earlier claimed that Kokhal was quizzed on “disgusting” and “sick” claims.

They said she was asked: “Did you taste his blood?”  

And it was alleged she “had sex with the corpse”.

Her defence claimed this questioning amounted to illegal coercion to testify by use of threats which allegedly included  taunts that investigators would find a “good orphanage” for her infant son when she was jailed. 

Source: The Sun

Making $1.5M/Month On OnlyFans And Twitch: Amouranth | My Life Online

In this episode of My Life Online, we dive into the life of Amouranth, one of the most-watched women on Twitch, who rakes in 1.5 Million Dollars a month. Kaitlyn Siragusa, aka Amouranth, spent 60% of the last 5 years (that’s 1055 days) live streaming and often live streams for 14 hrs straight – gaming, dancing, talking to fans, licking microphones and even sleeping. Because her content is considered to be sexually risque, she often gets trolled, swatted & banned but she does her best not to listen to the haters and works tirelessly on her media empire. Every minute she spends online gets her closer to her ultimate goal of building an animal sanctuary– but she struggles with chronic fatigue, overall deteriorating mental health, and perpetual loneliness — is it worth it?

Memorial Hospital Of Gardena Accused Of Stacking Deceased Patients Outside In The Rain

California hospital is being criticized for leaving the bodies of nearly 20 COVID-19 patients lying outside in the rain before security guards could eventually move them to a refrigerated morgue.

Soaking wet body bags are seen piled up outside the Los Angeles-based Memorial Hospital of Gardena, owned by Pipeline Health System, in footage captured by CBSLA. Employees are also seen in the footage rearranging the body bags of 19 deceased COVID-19 patients and carrying them into a mobile freezer in the hospital’s parking lot. 

A morgue inside the hospital could only hold six bodies, which has posed difficulties throughout the pandemic, a hospital spokesperson told CBSLA.   

The spokesperson added that the mobile freezer outside the hospital is kept at 34 degrees Fahrenheit, the necessary temperature to store the bodies, and denied that the bodies were left out in the rain.

‘Because of the overcrowding situation, hospital administrators took action yesterday to organize the outdoor cooling unit in a more orderly fashion,’ Memorial Hospital of Gardena wrote in a statement to CBSLA.

‘Hospital protocol calls upon security guards to assist in the process when mortuaries come to pick up bodies, primarily helping to lift and move the bodies,’ the statement continued.  

However, a witness recalled watching teary-eyed employees carrying the bodies into the freezer in a recent downpour.

‘Security had tears in their eyes. They’re crying. Some of the security had to leave because they got fluid on their clothes when they did move the bodies,’ the anonymous witness told the news outlet.

The witness referred to what appeared to be body fluids on the bags and said there was no way the bodies were being stored at an adequate temperature. ‘Impossible. Those bodies were defrosted. They were decomposing,’ she said.

It is not clear how long the bodies were left outside before the were transferred, but the hospital confirmed that it has kept bodies in its mobile freezer for months at a time. 

The hospital also claimed that 11 of the 19 people whose bodies were seen being transferred were not claimed by family members and Los Angeles County has yet to pick them up. 

Source: Daily Mail