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Shehan
CoinTracker
18.8K posts
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Shehan
CoinTracker
@TheCryptoCPA
Head of Tax @CoinTracker (YC W18), @forbescrypto, Ex @ColumnTax (acquired). I share tax-saving tips most people miss. Opinions are my own and not tax advice.
Austin, TX
tinyurl.com/shehanc
Joined July 2009
171
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  • Pinned
    user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Jul 6
    Inheritance is a dumb idea. Your kids don't need money at 60. They need it at 30, when they're drowning in debt, scraping for a down payment, and raising kids. Pass wealth while you're alive.
    1.1M
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Nov 6, 2021
    Web 1.0 - Read-only. Web 2.0 - Read & write. Web 3.0 - Read, write & own.
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 15, 2024
    Heads up, crypto investors! The IRS is making BIG changes starting Jan 1, 2025, and if you don’t prep now, you could pay more in taxes or face penalties. Here’s what you need to do before the year-end to avoid penalties, save money, and stay ahead of the game. 🧵
    893K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Nov 12, 2021
    Crypto is the place where everyone feels late when they arrive.
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Mar 14, 2024
    Dave Ramsey math to become a millionaire by 30. - Pay off your 1.5% mortgage. - Pay off your 0.9% car loan. - Buy a 2K used car so you can have 10K of repairs. - Use debit cards, not credit cards. - Don't allocate even a tiny bit to #btc - Make coffee at home.
    285K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 31, 2024
    Breaking: The IRS just issued a temporary relief notice that is good news for crypto holders interacting with CeFi exchanges in 2025! TEMPORARY RELIEF UNDER SECTION 1.1012-1(j)(3)(ii 🧵
    538K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 12, 2024
    Bitcoin is backed by .......
    463K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 13, 2024
    Think you can hide your crypto gains from the IRS? 🤔 A Bitcoin investor just got sentenced to 2 years in prison for false reporting. Here's what happened—and what you need to know to stay out of trouble 🧵
    709K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Jan 22, 2025
    Honest question: have you seen use cases for SOL network other than launching meme coins?
    238K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Nov 11, 2021
    The IRS will make more money from crypto than anybody else.
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 17, 2020
    If you ever feel bad, just know that one of my clients lost 2B worth of BTC. He/she can see the balance on the wallet, but no private key.
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 27, 2024
    A few hours ago, the IRS released the highly-anticipated & controversial DeFi regulations. If you are in DeFi, big changes are coming, and here’s what you need to know 🧵
    348K
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Dec 9, 2021
    Getting a loan against your appreciated coins is a viable option to get liquidity without triggering a capital gains event. But, you will have to pay capital gains taxes if you make more profits from the loan proceeds.
  • user avatar
    Shehan
    CoinTracker
    @TheCryptoCPA
    Mar 29, 2022
    20% unrealized gain tax is the most aggressive tax policy I have ever seen.
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