I’ve been swing trading bitcoin for the past few months and the gains look good on paper until I calculate the taxes.
Every sale is a taxable event and short-term gains hit even harder.
It makes me wonder if it’s even worth actively trading unless you’re pulling massive returns.
Has anyone here found strategies or legit bitcoin tax help resources to manage this?
Do most traders just hold long-term to minimize the hit or is there some other smart way to structure trades?