I think a topic that a lot of people would be interested in would be related to crypto taxes specifically about the best way to exit the bull market without hurting the PLS price and possibly having to pay less taxes. For example, there seems to be an idea that if you use Liquid Loans to collateralize PLS and mint USDL stable coins at or near the top of the bull market, you're essentially putting in a stop loss where your PLS get's liquidated (when the bear market starts) but you get to keep your USDL stable coins. Does this mean that the PLS liquidation can be counted as a loss on your taxes? Or do you still need to pay taxes on that liquidation? We need a crypto tax expert to clear things like this up so we can help people understand the game better. Better yet, if any of you guys can recommend or have a list of credible and legit crypto tax CPA's that would be great to share to the community. Just a thought.
@Crypto Sloth Then i guess using liquid loans to try to pay less in taxes is false since you not only need to pay taxes on the PLS ($ amount value of PLS at the time of liquidation) but you also lose 10% in liquid loans since the collateral ratio needs to be at least 110%. So it's like paying capital gains tax of like 35-50% on top of the 10%. Like what the heck man. Jessei at liquid loans made it sound like you're only paying 10%.