And everybody welcome to Thursday's live stream This is a special stream because we're talking about everybody's least favorite subject, which would be taxes Now I know it's not something that people really want to talk about But believe me when I say we need to talk about this. So I have two gentlemen that'll help me out We got Jordan Jordan bass from Bass Law Jordan. Thanks for stopping by appreciate it I mean and then David Kemmer who's the co-founder and CEO of coin ledger David. How you doing? I'm doing good calling in from an undisclosed location here Looks like it looks like an infrared treatment, but I'll take it. I mean we're glad we're just glad you're here. So again So gentlemen today, we want to talk about again taxes and just kind of do some updates I just want to do a Q&A and go over a couple of different things because if there's one thing that really Scares me quite honestly. It's taxes and screwing up the taxes because I just want to be On the on the straight and narrow because I don't want to have to go through an audit I want to make things easy because I can't buy time. I can't there's only so much minutes I have on this planet. So I want to make things super simple for me and everybody else So there's two stories. I wanted to go over first of all before I get in the Q&A I know people will say like well who cares about taxes because you know I mean I can do whatever I want to and that's you can you can go that route But I think the IRS is really trying to do some top-up things. There's two stories that caught my attention one This was put out by the block. This was just on the 28th yesterday IRS tabs and the strategic hires from private sector to improve crypto tax enforcement because let's be honest The IRS has been a lagging just a little bit, but what they need is the people that really know what's going on So they hired two individuals. They're gonna be building service reporting compliance and enforcement programs These two people are Mukherjee That's his last name is joining the IRS from a private blockchain Software tech company where he was a global head of tax He's more than 10 years of experience in tax compliance attacks info Reporting for financial institutions, which is if you're thinking yourself like I cannot smart these guys You can remember they got an army behind them pretty much and then the second guy Wilkes Which I wasn't too impressed with till I read this piece He's prior extensive work with tax compliance and planning issues related to multi national corporations Manufacturing focus on complex applied chains transfer pricing and cross-border transactions. I gotta tell you if You want to catch cheats? That's the way to do it because the big corporations are the masters at it We think we're good. Those guys got it down to a science So there was that article and then this little gem came across my my desk from friend of the show Sheehan Chandrasekara who's also a CPA and he talked about how just this month The federal government brought the first pure legal crypto tax indictment against a tax individual and before anybody asked Oh, this was not me Thankfully, so what he did allegedly was he sold 3.7 million of Bitcoin and bought a house 2017 tax return and again, this is what I'm talking about like we think we get away with things But this is all the back in 2017 in a 2017 tax return He falsely inflated the cost basis of Bitcoin to reduce capital gains, which makes sense, right? Like ah, you know I was actually I actually bought it at a much higher price 2018-19 his tax returns he failed to report 650k in Bitcoin sales must have slipped his mind Structured earnings he sold Bitcoin in exchange and made a series of bank deposits of the cash in amounts less than 10k each To avoid triggering currency transaction reporting requirements. It's actually not a bad idea But now he faces a maximum penalty of five years in prisons for each structuring count and three years in prison for each false return count So I just want to preface that before we move on so gentlemen any any thoughts Jordan have you had any clients who were just like hey bad news. This just happened something as crazy as this Yeah, you know when when we see issues for prior years like that 2017 2018 2019 And of course, we've been around as a firm since for the 2017 tax filing season That was the first, you know group of individuals that we helped I can recall a bunch of them that actually had Bitcoin holdings because they were maybe trading alts pairs on BTC with on some of the obscure exchanges back in like 2015 and 16 and 17 But I recall a handful of those people where we actually went back and amended a 15 and 16 return so that we could adequately show that they had Basis from 15 and 16 and a holding pattern from back then when they actually sold in 17 because they were like hey I put barely any money in here Bitcoin was worth close to 20k. I made a lot of money. Let's do this right so for that from that perspective I can tell you I have personal anecdotes of people are going back to fix issues before 17 and 18 so that they could report that accurately and and pay tax obviously Mitigate the liability as much as possible, but I do know that there are there are also people that have been involved in issues Let's say IRS is not necessarily civil issues But maybe some criminal investigation issues where they had been using You know Bitcoin and or Ethereum or any other token that you could use for the purpose of what they were engaged in maybe Like this guy buying the house of Bitcoin somebody that's gambling right professional gamblers possibly and they're gambling in private events private games And and they're sending Bitcoin here and there and and then maybe they're reporting it right if they're a client of ours They're reporting it right, but they might get caught up with with somebody who isn't and that person's under investigation And then their wallet gets tagged and somehow they get information of who that wallet belongs to and you could see how this leads down a path of 1520 30 people getting caught up in in this issue. So I don't have any personal Stories about someone like this individual. I can't tell you that I would imagine this is probably going to come out more and more in the future Where we have these extended filing periods or this extended audit periods Based on the fact that somebody may be misrepresented their income in a material way or in this case outright fraud when the statute of limitations is effectively unlimited so Just because just like you said somebody filed something in 2017 and and it's 2024 now and nothing's happened I would say nothing has happened yet if they did something to the scale of what this individual allegedly did But it's rare. I would say we still have a very limited amount of people filing crypto tax returns in the US True maybe maybe there maybe that number is also deflated. Maybe it should be you know millions more than half You know check the box. Yes, but It's not it's it's never a good idea to sell something and then buy an asset that you have to hold title to your aim or something that Maybe will ultimately flow back to you and then have to explain where the money came from, right? That's probably not the best decision to make. Yeah, no, it's not the best decision But you know it makes sense what you said that you know if you can go back far enough You can kind of prove these things so David Here's a question then how far back can coin ledger go because is there like is there like a Limit to how far is it just all based by wallets and the exchanges that are reporting? Kind of both we can go as far back as Really you need now as people maybe do or don't know some exchanges do have Limitations in terms of how much data and how long they hold it for you Some exchanges are better than others right if you're on Binance or bit true You know or Q coin they maybe only hold three months of your data historical data at a time But coin ledger has no limitations there So like our software is built to reach back as far as you ever had transactions because we need that data to accurately state Cost basis and income and holding periods So there's no limitations on one ledger side But sometimes we will bump a bump up against rails of other third parties that we're integrating with Gotcha. Oh, that's okay. That's good to know because I mean at some point We might need those and someone just just gives a shout out. Thanks for the Voyager patch. What is going on with that? Because I just had my my CPA just gave I just gave her Re-accessed to my Queen ledger account or I actually sent over over the reports Excuse me and she was asking about Voyager. How is that working out as far as the patch? Are they still able to integrate or no? Mm-hmm. Yeah, yeah, so that's all rolled out All Voyager users can sync up their accounts will pull in all their transactions Including all bankruptcy related transactions and you know, they can use that to report losses and all that activity on their taxes Gotcha. Okay. Well, let's roll into some questions and everybody if you've got questions for these two gentlemen You can put them in the comment section, but here's what we had Today and I actually put this out Yesterday last night as a matter of fact just said hey, I got you know, two times on what's your questions? And here's the first one from Chris from Chris M. He says my cost basis for Bitcoin e that came as a disbursement is 70% of what all my coins were worth at the date of the bankruptcy. This could be FTX Celsius Voyager I'm not for sure However, it was 50% of what my coins were worth at disbursement date. How do I write off the 50% loss? I don't know if that's enough information for you guys or does that make sense? Kind of makes sense I think I know generally with the question where the question is coming from but at a high level You know, it really depends on how the disbursement was made For example, we could use Voyager because I know David was just using that as an example which You know the integration with coin ledger is really great I actually Aside there are people that I know switch to coin ledger because they were voyager users that were using other Softwares because they couldn't get access to the data So that voyager patch that the user that would just let the comment mention is was actually really helpful for for many people That I talked to but in this situation you receive a disbursement They have you know, 70% of the value of what the coin the coins were worth at the data the bankruptcy They list that price so you can kind of determine what that value is If you receive that disbursement in kind let's say this individual was able to get right the same You know value or the same underlying asset, but the different value There maybe wouldn't be any gain or loss at that moment in time So they'd have to actually execute a transaction to generate that loss If they received, you know, USD or US dollar equivalent USD see a different asset distributed to themselves from Voyager in this example, I think somebody mentioned it this this sounds like Celsius So maybe we could talk about that a little later, too But if they receive something that was different they may or may not have a gain or a loss But if that value was worth less than what, you know They initially put into the underlying investment and they receive a different asset or a different piece of property in exchange for what Their claim and bankruptcy was they for sure certainly at that moment in time can recognize that loss And that's how they would have effectively let's say quote-unquote write off I don't like that term, but right off the 50% loss They would have a a loss that has then been recognized for tax purposes and then can be reported on their individual tax return if the loss is you know Substantial and they had some other gains that they could offset in that year That would be great if the loss is substantial and they don't have gains that they can offset in that year They'll be able to use some of it and the rest would roll forward as a capital loss carry forward in future years That would then offset, you know future gains In the Celsius situation, it's a little bit different and I know that that is still actually a pending matter of releasing disbursements and sometimes people were receiving, you know last year some people were receiving assets in kind this year Maybe receiving equity or shares in a new a new company and then also maybe potentially having future distributions So there there are a couple different things that could happen. It's somewhat complex If Chris has any specific questions that maybe are more nuanced that he would like to discuss I you could reach out to me and I can you know talk to him and walk him through that process because it is a rather complex proceeding for tax purposes and everyone's situation is different and they might want to take one approach versus a potential mother Gotcha, and then this was this was a good point I want to bring up because as we're talking about this people will always say well, okay, is this you know for what? For what countries are we talking about and someone? Let's see where it go Someone said is you have to understand Yeah, here he goes you have to understand that every country has different tax legislation I think this is important to note, you know about what Jordan is talking about but Just to the point of with coin ledger David when you're doing this software for everything Because I know people get like myself.  So we support over 30 different countries now. We have kind of two different levels of what we call supported support and one is full tax support, which is like here in the u.s. Canada Australia For us where we're actually going to generate your country's tax forms for you and like everything that goes into that now All like the 30 some other countries what we do is we have a lighter support where we're still going to crunch In that country's fiat currency According to the capital gains losses or income rules that they require But we're not going to go and auto fill any tax forms that they need you would essentially take The excel or csv reports of all your transactions that coin ledger generates and then use those to complete your tax forms So we really have customers all over the world now Most of our customers are in u.s. Australia Canada and then a handful of european countries Okay, yeah, I just want to make sure I just wanted to clarify So I don't want people ask me that i'm like i'm pretty sure it's all the place and yeah It's on the website and before we go we go on to the next question Jordan when you were talking about taking those those losses and carrying them over How much how because I I know for like if somebody gets rug pulled scam lose all their crypto There's a certain percentage or a certain amount that they can actually use as a loss every year But if you're talking about losses from voyage or celsius ftx block fi What how much can you say or how much can you use on the on the tax year? As a loss for let's say last year Right, so again, it will depend on the type of loss that's being taken right because For a lot of individuals what they'll probably do is a more simplified, you know Filing a simplified method of taking these losses where they know what they're initially depending on how the Disbursement came to them. They know what they initially invested. Obviously that value has gone down significantly They might have received the same asset in return What you would do is you would carry over your cost basis from what you originally had Just like just like this question right here since btc to btc is not a conversion Do we inherit the cost basis from before what we would do in that situation is yes You probably would have significantly Potentially have a significantly higher cost basis versus what the value that you received back Upon sale of that asset that you received in kind You would then recognize the gain which hopefully you don't have maybe you do actually hopefully you do or the loss Which could help you from a tax perspective, but that would be capital in nature So one of the questions you asked was how do you how many how much can you use? Well, if the loss is let's say $50,000 and you have no other gain You would be able to offset up to $3,000 of your ordinary income in the current year Which that number hasn't been adjusted for inflation and in forever So I think it should be substantially higher personally But it's not and then 47,000 would then roll over for future years And if you continue to have no gains every year thereafter 3,000 3,000 3,000 deducted for until you get rid of that now 47,000 that has been carried forward if I have no gains in the current year But $40,000 of gain in the subsequent year I would effectively pay no tax on that $40,000 gain because I had 47,000 that rolled forward And if in the current year this would be the third example if I had a $50,000 loss from this activity But I had a you know a sale of coin based stock For a $38,000 gain my net loss on the year would be $12,000 I would still use the $3,000 loss and now I'd have $9,000 to roll forward So looking at it from the the perspective of like the capital loss bubble That's how that stuff gets reported However, there's a possibility that somebody could take you know a different type of loss when it comes to Celsius The safe harbor safe harbor Ponzi loss. It's a potential option. It's very very complicated And that would result actually in an ordinary income deduction if it was successfully honored by the IRS And it could be but it is a more of a complex process So we could talk about it, but I would probably need a lot of time to get into the details When we talk about the USDC This person says do we count that USDC was swapped to ETH or to a mix of ETH and BTC? Does that count as a capital loss? I'm not really sure what that question is entailing, but If you receive an asset that's different than the underlying asset that was being custodyed on the exchange That's when you may have a loss or a gain that's recognized on that disbursement and I know that uh Um David you could correct me if I'm wrong, but at least as far as Voyager goes This is all automated inside of coin ledger and it's done very well And probably would be something similar With with Celsius moving forward. Yep. Yep for Voyager. It's all taken care of Celsius. Um, not fully automated We don't have a direct immigration with Celsius, but you can still do the same manipulations More manually, but it is what it is Yeah, and the key actually With what David's saying there is because the transaction classifications have already been in there in coin ledger If somebody has to manually, you know mess around with their coin ledger activity, which The reality is most softwares. You need to make some changes those transaction classifications are already there They're already there for you to choose And the flow of the transactions will be somewhat similar to what is automated with Voyager So that's what I know. It should be a fairly get more straightforward process. Exactly Got you. So let me let me make sure because I I heard someone that uh was very positive I did not know this so let's say for example someone goes into Celsius, right? And they lose they put in 100,000 somehow they get 50 back 50,000 the other 50,000 is gone So over time if you're having losses for your ordinary Uh Income it's up to three thousand dollars But let's just say for that next year that you got lucky and you You you bought a bitcoin at 50,000 And it goes up to 100,000 and you sell and now you have a 50,000 dollar capital gain Can you what you just said can you take those losses? From Celsius that you got screwed over And say hey, I don't want anything because I'm going to take these losses Uh that I had and roll these into my capital gains. Is that right? Yeah, so if that loss that you've captured is considered a capital loss in in our example that we were using before Yeah, and I would say hopefully That person we don't we don't count them as as lucky we say they're a skilled investor and they made the 50,000 dollars, but they had this this other 50,000 that they had lost if you think about it from from a Policy perspective not even from a tax perspective if they put 100,000 in and then at some point it was worth 50 And that was a recognized a taxable event And then they had a 50,000 dollar gain. They put 100,000 in they lost 50. They made 50 They're at and they're in no better place than they were before so technically they zeroed out However, it's been over the course of one two maybe three years So that's why that rule is there but to answer your question Shortly. Yes. That's how it would work. They'd have this loss then they have a gain and it would offset each other That's pretty that's pretty good. What about here's another question I I keep getting like I was in a voting accident My ledger fell off because I had it around my neck and now I lost all all my crypto But these other ones that that I had now there was 100,000 crypto in this ledger Now that I have these 100,000 I can only write off 3,000 dollars per year But what if I did some transactions and I'm a skilled now a skilled investor And I actually had some capital gains. Is that the same thing or is that because that's like a different category, right? I lost it as opposed to capital losses, you know, we we actually the the lost my ledger in a voting accident would be a bad tax situation actually because we don't really have a A deduction for that anymore these thefts slash casualty losses, which wouldn't even be it would be considered Nothing to be honest. It's more of a I lost my my ledger. I lost my my ledger in a voting accident I can't do anything, but maybe I remember, you know, my my secrets And I can get access to that in a year or two or three or five But no the reality is that's not really the same sort of situation You you want to really look at the the income characterization and the loss characterization and match those two together capital losses can offset that ordinary income in a very very small way, right that $3,000 per year But we see we see this happen actually a lot where if somebody generates a lot of income with yield possibly or maybe they get paid in crypto And the value is worth A lot and then the the market kind of retraces and now They have, you know 70 80 of that value left, but they haven't swapped out of it Let's say they're earning in bitcoin and the market comes down 80 percent And they had a hundred thousand dollars of earnings now it's worth 20 k They sell that they have an 80 thousand dollar capital loss But that's not going to offset the hundred thousand dollars of income that they had only three thousand dollars of it will so Um, there's a couple of things that you have to consider when you're going through that situation But no losing your ledger in a voting accident and then all of a sudden having gains You wouldn't really offset that because it's not a deductible loss anymore There goes my whole plan. All right then So next question then which was this is a good one And I think this is probably something that I was rallying around inside people's heads if I never filed since 2017 Hey, no judgment and I want to file this year for everything. Is that possible or do I just file for this year only? Well, now this might be a legal question. I'm not for sure. Yeah, I can I can give you my thoughts I think the lawyer uh David could talk about how a coin ledger can help with that process if you have like you mentioned, you know There's exchanges that you might not be able to get the information from anymore could have gone under 2017 there were a lot of exchanges that were around that aren't around anymore the more obscure ones even some of the bigger ones Obviously we saw 2021 2022 some of the bigger ones went under can you access that data? Maybe not so you could probably try to do your best to load that into coin ledger and let it auto populate and help you out But the reality is the reality of the situation is it really will depend on what kind of activity you had going on in those Prior years whether you want to amend a prior year return or not somebody that just spot buying, you know, crypto with usd Nothing really to do Obviously, you're just buying you don't really have any sales Then maybe you were swapping a ton in like 2020 d5 summer you started degening Maybe you want to go back and kind of take a look at that stuff 2022 you might have lost some money So you want to go back and look and see if you can get credit for that to offset maybe some gains you had in 2023 Everyone's situation is different What I would recommend is before you even consider That you want to file for this year and make sure that you have everything, you know, chewed up for 2023's tax filing You're going to want to at least get as much historical information as you possibly can So that you can like david mentioned have all your cost basis and holding patterns roll over into the current year, but also See what you should have done in 2017 18 19 20 21 22 And and you know what just to piggyback on that because if you haven't sold anything If you haven't sold anything or transfer anything since 2017, maybe you're a diamond hands person It's not like you're going first of all you're not going to own anything because of all this time You just held and even if you transfer from wall to wall that is not a taxable event So this would there's a couple questions from there. This will this would go to david What about block fine ftx? Do those need patches to access the data? How are we looking for those two? defunct exchanges Yeah, so similar situations You know, we support all of the transaction history files that these exchanges export Since they've been bankrupt their apis, which is how you kind of automate these integrations have been shut off So a lot of folks have You know old csv transaction transaction history files from these platforms. Those can still be imported into coin ledger Um, a lot of people already had their data imported into coin ledger But in terms of the bankruptcy data, no that would have to get You know imported manually, um on behalf of users now as jordan mentioned we have all of the Transactions to classify those within coin ledger, but unfortunately we didn't we weren't able to build You know some sort of custom arrangement Like we were with voyager would love to so if you know zack or any of those guys are watching We're all years, but uh, haven't been able to get in contact with those folks. I got you. All right What about this one? I was told by a crypto cpa that I cannot write off voyager since the final settlement has not occurred comments thoughts Well, you would have received and this goes back just to like what david was mentioning with the the voyager patch Let's call it. You still would have received some assets In return of what you had on the exchange and like we were mentioning earlier if they were received in kind You know what your cost basis was because coin ledger could help you figure that out You know exactly what your basis was for the asset that you received now Some of the assets weren't supported for the distribution. So you might have received us dollar equivalent at that moment in time You have a gain or a loss so writing off voyager again I don't like to work right off but writing off voyager since the final settlement has not occurred You still will have had some taxable events that may have occurred when you received us dollars or usdc for uh Whatever the value of the distribution was for those alts that weren't supported If you did receive the distribution in kind your basis and holding pattern will roll forward And then you can make that determination if you want to sell that asset to trigger a gain and or a loss Depending on what your basis was versus what the fair market value is today Now if you didn't receive everything in return right if there was still something left on The platform or that you received, you know, let's say 70 percent 70 cents on the dollar 40 cents on the dollar and That's what you're talking about. I personally like to take the the approach of waiting to see this whole thing out to get a Good understanding of what you should be doing from a tax filing perspective But there is a portion of what you would have received where you already know what the tax consequence Either will be if you haven't had a you know a tax triggering event Or was at the time that you received that that distribution of property that was different from what you had held on the exchange so That's kind of a loaded question. I think it does depend but They would I would say your crypto CPA that says you can't write off wage I think it would depend on the question that you asked them to give you the proper answer of you know, how that conversation went about and for charles again like The other individual if you have a specific question there could obviously there's more nuance than a one sentence question Feel free. Don't hesitate to reach out to To me or the team and we can kind of provide you with some some insights with your specific situation if you need Yeah, and then before we get to this other one, which is a good question I saw youtuber influencer claim that exchanging one crypto from that doesn't incur a tax liability. I'm sure he's wrong Is there any condition in which he was corrupt before he answered that just for everybody knows if you go to There's a link in the description for coin ledger and even there's even a deep dive video of how to use the software But if you go to this the site and screw all the way down on the bottom right hand corner It says find a crypto expert If you're questioning it and say like well, maybe I like a little more guidance There's a plethora of different people you can contact so you guys can sort this whole thing out I just wanted to throw that in there before anybody we get to the next piece and I forget to actually answer that so Anybody want to take this one? Yeah, generally speaking he is wrong You know when you exchange one piece of property for another that is a disposal of the original property And so you're going to incur a gain or loss depending on how the original piece of property has fluctuated in value at the time Now there's you could make some nuance arguments in cases because as we know There's gray areas in crypto that haven't had explicit rulings and Jordan I don't know if you want to touch on any of the gray area, but some people would argue You know bridging tokens to different blockchains wrapped tokens, etc could You know skirt that not be considered a property exchange But the vast majority are going to trigger a capital gains tax event Yeah, I mean I would imagine that the If you're looking at that question and how it was framed and maybe how that Influencer might have made the statement They probably weren't talking about bridged assets or wrapping your tokens They were probably talking about trading one alt for another or you know, whatever chain They were on whether it was birium any evm chain salana cardano polka dot. Who knows whatever they're doing And then swapping in and out to and from There's no I mean I would love for someone to come up with a creative argument as to how that would not be a taxable event because we've gone through this for Almost 10 years now with you know the iris and guidance that has been released now wrapping and bridging tokens I mean most of the time you're actually receiving the same or substantially identical piece of property in return However, sometimes you're not so yeah that little bit of nuance probably more so on the wrapping side than on the bridging side I mean we pretty much by default treat a bridged asset from one chain to another as a non taxable event Some wrapped tokens have different forms and in functions of what they do versus the underlying asset So maybe there's an argument that it is a taxable event But nine like david mentioned 99 probably 99.9 percent of transactions that are processed on chain Would be taxable if there's a piece of property swapped for another and I don't think you could Say of any, you know centralized exchange transaction where you're trading against a btc pair or an eth pair or us dt or whatever Where there isn't a taxable event that occurs now if you swap a stablecoin into something else You might not have much tax Maybe a small amount of slippage for what the price of this if this stablecoin was pegged to the dollar perfectly maybe but That would be maybe the only type of situation where you don't have a quote unquote tax Right if I have $30,000 of usdc and I swap it for $30,000 of solana I'm probably won't have a tax because I probably bought the $30,000 with the usdc for $30,000 But it is a taxable event. It's just zero gain or loss. So Yeah, that I would say that influencer they might be great. They might provide you with good insights They might do really good research on certain projects, but maybe not so much on the tax Hey, we all screw up. Look, uh yesterday or a couple days ago I was talking about the bitcoin etf and I substituted the amount of bitcoin for dollar And uh, because I was thinking of bitcoin. So hey, we all we all make mistakes. Just it's just one of those things Before we go on as a bunch of there's like three or four great questions just came in But this question has come up in the past fifo first lifo And we're talking about first in first out first last in first out. How are we how? For for setting this up Could you could one of you guys explain this to people because I know when when they ask me about this or like Well, when I sell something if I if I had bought bitcoin for four years And then I go to sell Is it the is it the first one in and the first one out that I can do it? Or is it just how I structure it based on my preferences and my cpa's recommendations? I think I should give this one to jordan just uh Iron out fully that's fine. Yeah, I mean david Honestly does a really I've heard him explain this a million times the different cost allocation methods He does a really good job doing it. But using your example. I'll just kind of at a high level. Thank you go in there. Thank you um realistically This whole fifo versus lifo versus whatever other specific cost allocation method that you would potentially want to use Um conversation always it always comes up at the end of the year always I've never it's it's a zero percent chance that nope that somebody would ask I wouldn't ask about it. They always do it's a hundred percent of the time Now in your question that you asked or your example I've been buying bitcoin for four years and now I want to take some profit and sell some How do I know If it's the first in that's first out the last in that's first out the highest in that's first out Am I going to specifically identify one specific? Uh tranche of btc that I want to sell well technically you could do all of those things um, but um The reason why first in first out is something that is discussed in like the default is because when you have a you know a brokerage account like let's say robin hood e-trade schwa whatever And you're selling your stock They're going to default to first in first out because the longest holding pattern to asset would be the first one in Right means you're incentivizing long term capital gains which get taxed at a you know A preferable tax rate Um, you would have to go in and elect make an election to have a different tranche of the asset of your stock Because we're not really talking about crypto here in this example that I'm giving To be sold And you could say I want the last one in because maybe the spread is smaller So you actually have a loss or a smaller gain and you're okay with paying ordinary income tax rates on the smaller gain Or you want to trigger some losses because you might have some capital gains in other areas of your portfolios in crypto First in first out is not often the best choice because maybe you want to hold on to those longer term bags And the way that you are transacting the the fast nature Quick transaction flow a lot of turnover Maybe last in first out is more of an accurate depiction of what you're what you're doing because maybe in 2017 18 I bought a lot of spot btc or in your your example. I bought a lot of bitcoin old and cold I want to hold on to that stuff and and some of the stuff I bought maybe in the higher You know caught like maybe I bought 69,000 btc in 2021 and I wanted I'm selling one one of the maybe two three four five six that I bought over the four years I want to I want to sell I want I want 63 thousand dollars in my bank account But if I can trigger a loss in doing that because I have a higher cost based asset then let's let's do it now The reason why it always comes up and I'm sure david and and the support team at cusp at a coin ledger Get this question all the time is can I switch from one cost allocation method to another from this year to that year and so on I wouldn't recommend that because you're probably going to then double dip in your basis tranches because Coin ledger as a software does a great job of aggregating the data, but it's not a a human cpa that is going to tell you You've you know utilize this tranche up when you switch your cost allocation method from life Oh to fight foe and then fight photo life oh and high photo whatever you're doing Now if you could lock that year over year possibly could you do that? Yeah, and now coin ledger actually has a function where you could import transactions as of a certain date which is amazing David by the way, I don't know if we talked about that, but it's amazing But the reason why it's such an important question Is because sometimes people will plug their data in or your your example of this person could have plugged their wallets in their exchange data in And shifted from life photo fight photo fight photo life or whatever just because in that little window in the tax offer It showed a smaller tax liability. They might be reporting the same tranche of sales over and over and over again So explaining what life oh and fight foe and all these other cost allocation methods are That's fine. It's important. It's kind of easy to find numerical examples But the reason behind why you don't want to go from one to another year over year Why you shouldn't is because you ultimately are probably going to be showing on your tax return that you sold that same Asset over and over and over again and you're double dipping in your cost basis, right? So you don't want to do that That's from a from a you know Tax law perspective But again, like I said, David actually does a really good job of explaining Hypo life oh fight foe if you want to give a rundown Yeah, and it's just highest level right first in first out It's exactly what it sounds like the first bitcoin Let's say you acquired it's gonna be the first one to get sold off when you're calculating the gain or loss So in a period of rising prices Fife foe would lead to a higher capital gains number because you're selling what you bought at a lower amount Right at a higher amount. So that delta will be greater where in a period of decreasing prices A life flow would actually maximize your taxes and the vice versa on the minimization And so I think Jordan you hit everything else pretty well there Got it life. Oh sounds good. Okay. So that is Excellent excellent responses before we go on to because Amy's got a really good question about Exchanges breaking up her transactions How's got a good questions about gifting crypto and how much you can do before we get into that? Just remind everybody that's for coin ledger, you know, there's a portfolio tracking We talked about this if you go to the website on the very top click on learn more you can sign up for it I've already signed up for it. This is not my portfolio. This is a It's actually a pretty good portfolio actually and it's one that David graciously gave to me as like as like a test thing But I want to show everybody how this actually works. So like you all you have to do is For your wallets or you can do it you can do it one or two ways You can do an api integration with all your exchanges Like I just use coinbase and kraken essentially I integrate with those and any wallets that I have like on my tangent on my ledger I just gave read-only access to it and it can show me like my profits and loss My cost basis my unrealized returns and things like that So like in this example and like the example before this was funny. I asked david I go Hey, I didn't like a million dollars with a bitcoin. Just you know something crazy and he puts in 1.7 bitcoin I didn't do a million. I could have you could have but but it would like it would look cool but that's that's that's fine hundred thousand so like like This it's not really a great example Like but like let's say you're like, okay. Well, where is this bitcoin? You know because it says I have you know 1.7 Okay, well on coinbase.  You paid 13,000 89 dollars per bitcoin 81,000 is your unrealizer. So if you sell it, that's what you're going to be taxed on And there should be a date somewhere on this Where is it if you if you drill into any of those columns It'll show you the actual calculations in the time stamps for all the transactions But it's all based on imported data and so I like here That's why this dummy data is a little bit funny looking. Yeah Hey, so like it's like this one you'd say, okay, it's october verse 2022 great It's after it's after a year. This would be long-term capital gains. Got it There's another good example I liked in this one, which was this the link the chain link one And let's drill down. So I have almost 50 link And it looks like I deposited it Calculated balance. I bought it on january 4th, 2021 718 my cost basis where'd that go? So if you There you go Okay, so the market value is my cost basis is 13 dollars per link. Not bad. I don't know what it is right now 649 It will be on the left side showing what the price of link is right now right there in 1958 Oh, thank you So yeah, not too bad And it's just gonna give you a pretty good idea If there's anything that you guys think could be added here Like I will tell you one thing that I I'd like to see because I've got a lot of transactions David And a lot of nasty d gen plays So what'd be good is like all these different time frames Like it's great if I can just kind of see it But if if there's like a thing where like you could like like a highlight like look today is february 29 And it takes you all the way back in red to like february 28th 2023 If you sell well, I guess if it's first and first out won't really matter But like if it was there you could say look if you're in the red You're gonna sell for short term capital gains as opposed to long term. I don't know if that's a thing But I thought I think I I think I follow what you're saying Um, this really has a lot to do with like how we're thinking through expanding our tax loss harvesting Yes Module really giving a better tax lot breakdown So you can do the hypotheticals like you mentioned like, okay If I want to sell 10 link and as you mentioned my costing method is currently set to fifo This based on current market rates would be The gain or loss that I would realize if I did that trade So that is all stuff that We're working on and so as you said for anyone who has feedback ideas things that they want to see us build with this, you know It's pretty elegant and simplistic right now and we're going to continue to add functionality. So we're really all all years You know, we build these products in tandem with user feedback So I appreciate any suggestions or things people have because it's really helpful to hear what people want to see with it And this is my favorite part where I can see how much how much gains I actually have makes me feel Makes me feel safe And then also, of course, if you have your portfolio, you just click over here to tax reports and you're able to rip them off Or just kind of go from there. That's I think that's that's the beauty of the integration. So all right question time so Amy Johnson She says, uh, I got hundreds of missed cost basis on one transaction It's like the exchange broke my transaction into a ton of small ones. That's I wonder if there's a reason for that Is there a way I can quickly group them together to handle that as far as like for tax reporting or how would that work? That's a tough one Well, when we see a missed cost basis issue, it's not usually coming from or it could be coming from that actual transaction But what's usually happening is there's something that happened before that That's creating a balance issue. So if I were to have sold x amount of abc coin Um, but I didn't have that in my wallet based on the reconciliation and the transaction data It would look like a overdrawn balance potentially Or it would look like I never acquired it in the first place. So I have, you know, zero cost basis potentially um, that is an issue that can be Seen and and remedied looking at the transaction history actually before that executed trade where you're having the the signal pop up but uh Reality is a lot of these exchanges that you think you're trading with one transaction They're going to fill with like multiple orders. So it could be, you know, 100 different line items for one trade that you think is one trade Uh, but it's just not Uh, so when you have a missing cost basis issue for that one trade or this one trade But it's a hundred different line items and now it looks like you have a hundred line items of missing cost basis Just know that realistically it's from it's from that one transaction. You remedy that issue All of them will get fixed But the reality is it's probably because of something that happened before that transaction There could be something missing something misclassified something ignored in the software that you have to kind of You know come over uh with you know a good set of eyes and figure out what that issue is Gotcha Yeah, it's typically you're going to be missing either a buy a trade before that transaction But if I am interpreting correctly, it sounds like that one transaction was actually A trade going through the order book. Maybe it was a bigger transaction and a lot of exchanges You know, they're not gonna You know Give you just one price, you know, if you're trying to sell a large amount of asset It'll chug through the bid asks on that exchange and so you'll get filled at different price points Um, and so that could be what you're seeing within the software Gotcha, okay sounds good and then uh talking about gifts and things like that First of all before we go into that Etl says how do I get a membership? This isn't a membership site Like we were talking about first of all for the portfolio tracker.  So uh, check all those out. But back to the the question though which was Gifts which goes to tyler's question How does it go for gifting cryptic? I've heard a lot of things about this Uh, he says what if I can give my spouse who is never running crypto? X amount of of crypto worth of 10,000 17,000 20 10 10 million who knows What's the gift tax cap and how does that work? Well gifting gifting quote unquote gifting to a spouse. You don't really have that issue. Um, It's a spousal gift. I mean it's it's most likely maybe it depends on how you file but married filing joint Uh individual or a couple, you know It's not really you not have to worry about gifting You can treat it as though it was yours and then now it's your spouses So when you file you can code that it's either the taxpayer or the spouse whoever's the the main taxpayer on the filing Would be considered taxpayer the spouse would be considered spouse and you can allocate that sale to a specific individual But there should be no, you know gift tax consequence for an interspousal gift However, if you're going to get something to another individual, um Like this question. What about your kids? You also may have no issue at all. Um for 2023 the limitation from when you would have to file a gift tax return the gift tax exclusion was $17,000 it's been escalating pretty much each year this year 2024. It's now $18,000 for a couple for a married couple You could double that right so for 2023 that 17 would have turned into 34 And technically you could have gifted your your kid a bitcoin and a half at some time in 2023 $34,000 worth of Bitcoin which now we know would be worth about a hundred thousand dollars. So really A friendly gift to your child if you did that and not really have any gift tax Again consequence now the gift tax sort of thing that we were talking about filing a gift tax return It doesn't result in you having to pay a tax or the individual that's receiving the gift having to pay a tax It's more it's merely informational for the irs to know that this individual gifted this piece of property to this other individual It helps them track what they're the gifty the person that's receiving the donor is person giving the funds Let's say and the dough knee the person asked to track what their cost basis and holding pattern in that asset is That is something that could be delineated in a form that's filed to the irs if you exceed that either 17 000 if you're Individual or 34 if you're married and you're saying it's coming from the community It's not it doesn't result in any tax liability. It's just informational So you want to do it you want to make sure that you're covering that that issue if your Gift exceeds that amount and even if it's not just one gift that exceeds that amount If you do it three or four or five or you gift a certain amount per month You could reach that threshold and maybe need to file the gift tax return Now the only time when you have to maybe pay a gift tax Is if you exceed that lifetime exclusion, which I should know the exact dollar amount I'm not entirely sure what it is. It's somewhere over. I think close to 13 million or maybe a little bit more for each person So when you combine those two married individuals you have a huge Estate that you can kind of gift into throughout the course of your life So you don't necessarily have to worry about the gift tax But you might have to worry about the gift tax return and most of the time from what I've seen you don't unless you're very very You know loving to your child or your you know cousin or your mom or whatever it is And you want to gift them more than 17 or 34 thousand dollars for for the 2023 year Yeah, it's pretty good pretty good deal for now. I think and then there's a question I'll answer Rob does coin ledger able to import Tax to turbo tax and yes it does right there on the website And that's what I don't use turbo tax, but it goes right to my cpa and that's the most important thing So I just send it over to her. She has everything that we need to do and then go from there All right, right, right, right a couple more questions and we'll we'll get out of here. Everybody. Thanks Again, david jordan. Thanks for stopping by and talking about this It is uh, not the most favorite topic, but trust me on april 15th Or if you get an extension whatever you're go to in october, you'd be like, wow, I'm glad I actually I got those questions answered Uh, let's see Melanie says is it taxable if you use usdc to buy solana chain tokens in phantom? That's a wallet. I'm gonna say yes because you're transferring From one crypto to another crypto Uh, it is but it you likely won't have much gain or loss, right? So if you bought the stablecoin for a dollar and then he used it to buy a solana token It's likely that stablecoin is still worth a dollar when you bought it Technically corn ledger will report it for you, but it'll be like zero dollars of gain So you won't incur any taxable income from that true true true. Yeah, even though like you've got like 0.998 It's like a little bit off the peg Sasha says if we don't understand how to reconcile the issues that are learned in the reports Can we hire your lawyers to do it? I think we're talking there about the cpa's and then yes Just like we talked about scroll down find there's a broad list there And then I wanted to answer this one. It's a good. It's a good point It doesn't make sense. You want to rob the tax man at the same time you want to pay him I'm not trying to rob anybody. Here's what it comes down to I am just not a fan of paying an over-exorbitant amount of taxes Take this room for example and this nice green screen. So there's a green screen that I purchased I get to use that as a tax write-off, right? I don't want to pay $12 or $24 that I got this at a target or whatever it was I want to use that as a deduction and actually use the less amounts or this actual room The electricity that I use because this is this primarily used as a studio So I am not about paying my fair share. I don't want to pay more than I have to I think that is the big the big thing. I'm not here to cheat anybody I'm just here to minimize taxes and not avoid taxes Sounds good. Sounds good Let's see. I think this is the last one last one's This was a little bit different Celsius question. I had dotmatic and synthetics Celsius said on my claim and sent my bitcoin and eith, which is what we were talking about in the beginning But they had to roll it into It wasn't in kind. They had to transfer it. I know my cost basis. That's good But how do I attribute the bitcoin and eith to each of my three cryptos to figure out the gains? David, would coin ledger be able to do that for you? Yeah, so that would essentially be handled as a trade And so I'm sure jordan can actually hit on You know the actual taxability there and what he would recommend on that front But yeah coin ledger will import all of that for you Okay Yeah, so you might have to in we talked about how coin ledger had the automatic integration with voyager And now we're talking about Celsius where we don't necessarily have that But we have all of the the mapping of the transactions that can be classified inside of coin ledger in this situation You would probably have to do Immanuel calculation to determine the spread of what you receive bitcoin and eith back in return for these underlying assets You want to determine exactly what the value of the btc and the eith were that were attributed to those holdings You know what your initial cost basis was You know what the value was that you received you likely have a taxable event with that situation Obviously, you have to figure out do you have a gain or a loss? But you most likely or what I would do and what we would probably do as a firm here because of the integration issue Where you're receiving kind of two things for three things It's not something as simple as just doing a swap for one token to another Take that offline get the calculation proper and then manually upload the information kind of similar to how your Your default or dummy account was just shown in the portfolio how David had input some manual transaction You saw that it said manual and had the coin ledger symbol You'd probably have to do that for a handful of those types of transactions just to make sure that you're Picking up the income and or loss correctly For the year in which you received that distribution So there could be like I said, there could be some other nuanced complication complicated issues that you have with the Celsius distribution, but with that example Um, you probably want to take the calculation offline upload it into coin ledger and let coin ledger do its magic Awesome. All right guys and last question and this would we talk about this many a time But uh, do you report staking as income and that's been a topic? You know for as long as I can remember who wants to take this one Yeah at a high level staking is treated as ordinary income And so what'll happen is the value of the stake tokens that you receive When they hit your wallet and you have possession over them, you know, you'll incur Ordinary income at the fair market value of the that those staking rewards when you gain possession over them So the answer is yes treated as income Okay. All right, buddy. So that would do it for today. I We've all we've gone almost an hour. I think that's pretty good. But again Everything we just talked about there's links in the description. You can check those out and get ahold of Jordan You can find the great coin ledger software that I will be I will be using this year Actually, I've already used it and then also the the portfolio matcher. So everybody. Thanks so much for stopping by. We appreciate it David Jordan. Thank you so much Thank you for having us. Yep. We'll be back. See you later up. See you now. Bye guys


Hi everyone Sean with jaspyscasebreaks.com here doing a random number block randomizer for 2020 flawless two box case Pick your team number 12 random number blocks chargers bangles So everyone's every spot gets a random number for the break zero through nine for example If you get number three you'll get all cards with three being the first number next to the slash on the left side of the slash If the card is two forty three out of two ninety nine thirteen ninety nine three out of twenty five forty three out of forty nine ninety three out of ninety nine And so on number three with the card zero will get any and all redemptions for those teams below including one-of-one redemptions The number one will obviously get any live one-of-ones Here is our list of customers from PJ McNeely down to Joshua Eilerts and the numbers from zero through nine Dice world randomized both lists and pair them up a two and a five seven times one Seventh and final time Matthew Shira down to PJ McNeely and seven times on the numbers Seventh and final time from three down to four Seven times on the numbers seven times on the names seven times on the dice So Matthew Shira with three Joshua Eilerts with zero Robert Flores with six Matthew Shira with five PJ McNeely with seven and eight Matthew Shira with one David Garcia with two PJ McNeely with nine and four So Joshua Eilerts with the zero spot would get any and all redemptions for the chargers and the bangles Joe Burrow Redemption in this I think for most of it. I mean I think almost all of his autos so that's not a bad spot to get Matthew Shira with the one spot will get Joshua with the zero he will get all redemptions including any known one-of-one redemptions While Matthew Shira with the one spot would get any in-person And there you go That's the random number block randomizer for the chargers and the bangles in 2020 flawless two box case pick your team number 12 I'm Sean jaspyscasebricks.com one more random number block randomizer to do and then the break itself Jaspyscasebricks.com. Thanks for hanging out. See you next time


Suspense! This is the man in black, here again to introduce Columbia's program, Suspense. Our stars tonight are Miss Agnes Moorhead and Mr. Ray Collins. You have seen these two expert and resourceful players in Citizen Kane, The Magnificent Ambassadors, in which Miss Moorhead's performance won her the 1942 film Critics Award. Mr. Collins will soon be seen in the Metro Golden Mayor Technicolor film, Salute to the Marines. Miss Moorhead and Mr. Collins return this evening to their first love, the CBS Microphone, to appear in a study in terror by Lucille Fletcher, called The Diary of Supronia Winters. The story told by this diary is tonight's tale of suspense. If you've been with us on these Tuesday nights, you will know that suspense is compounded of mystery and suspicion and dangerous adventure. In this series, our tales calculated to entreat you, to stir your nerves, to offer you a precarious situation and then withhold the solution until the last possible moment. And so it is with the diary of Supronia Winters and the performances of Agnes Moorhead and Ray Collins, we again hope to keep you in suspense. February 1st, St. Petersburg, Florida. I, Supronia Winters, have hereby begun this diary because on this date I feel for the first time that I've begun to live. Diaries are no good unless one has thrilling experiences. For 40 years I've never had what could really be called a thrilling experience. But Papa's death has changed everything. Here I am in beautiful St. Petersburg with everything to start life anew, money in my purse, two suitcases full of new clothes and a gorgeous new permanent wave. And Florida is really the land of romance. It doesn't matter whether you're 17 or 7, they're parties and dances and bingo games and flirtations for all. My landlady in fact tells me that people often become engaged and even married to perfect strangers overnight. I'm still shy of course, but just the same. It's such fun and so thrilling to think one's fate may be just around the corner. February 3rd. Oh diary, it is beginning. This morning when I came out of my lodging house to go down to the beach I noticed a man, a thrilling looking man sitting across the street on a bench. It was just as though he were waiting for me because when I came out he sort of started up as though he knew me. Of course I didn't speak first, but I knew the minute I started down the street that he was following me. Well I got to the beach and sat down with my magazines and suddenly there he was strolling toward me with a broad smile. Well, sitting out here all by your loss? Oh, yes, yes I am. Didn't I see you last night over at the Starfish Tea Room? The Starfish Tea Room? Oh yes, yes I was there yesterday. But it was so crowded I'm afraid I don't recall. Might a nice cuisine they've got over there. Mind if I sit down beside you? Not at all. Oh just a minute, sit on this magazine the beach is so sandy. Oh sand doesn't bother me, I'm from Maine you know. We get plenty of sand up there. Do you? You've been down here at St. Pete Long? Yes, that's a long time. So wonder I didn't spot you before. Oh, Mr. Pete. Johnson's the name, Hiram Johnson. I come from Green Harbor, Maine, run a big hotel up there summers. Well that's my whole history in a nutshell. My name's Sophronia, Sophronia Winters. Sophronia? Well you know that's quite a coincidence. My sister-in-law's name was Sophronia, Sophronia Johnson. Ever heard of her?  Sophronia Johnson? No, I'm afraid I haven't. Who was she? Someone very famous?  No that's all right. Say, look at that sun, will you? I'd say it was pretty nearly time for lunch. And Darry Darling, he is wonderful. Strong and kind, warm-hearted, so generous. I don't want to be like the other silly women in this town but Hiram is different. I think about him something sad and deep. You know, Sophronia, it's kind of mysterious us finding that nine-point starfish on the beach together. My sister-in-law, Sophronia, used to collect nine-point starfishes. And they'll think your name's Sophronia and you find a nine-point starfish with me. Well, it kind of draws us together, eh? Huh? What do you think? Completely. Is though I'd known him all my life. My landlady says it's foolish. But look at Romeo and Juliet, weren't they foolish? What's the good of waiting, Sophronia? I've got to be back at the hotel in a week. We may never see each other again. Oh, Hiram, don't say that. I couldn't bear it. Then let's do it right away, tomorrow. There's a person out on Coral Avenue who'll do the job for us. We can take a nice moonlight drive out to the alligator farm afterward, have a nice short dinner, then climb on board the orange blossom tonight for me. Just think of Maine. The big dark pine woods, the sand, the bay, the two of us alone together. The two of us alone together. February 7th, on board the orange blossom. I was married in a wedding dress of Alice Blue Moiré with a frill of white orchid at the collar and wrists and a rhinestone belt buckle. Hiram sent me towels and roses. I'm pressing one precious flower between the pages of this diary for luck. Beyond this bend in a couple of minutes. Bags heavy? No, not particularly, dear. Oh, I can't get over that taxi manifestation. Imagine his insolence saying he couldn't drive us over. Maybe he didn't have any gas. It happens sometimes around here. Well, anyway, I'm glad the weather's so mild. Can you imagine what it would be like in a blizzard? There's the place. Oh, wait a minute, wait a minute. These bags. Now, where? There. Through those big pine trees. Oh. Oh, it is big, isn't it? 125 rooms. So many fire escapes and balconies and porches and towers. I stayed in a hotel like that once years ago with Papa. It was very fashionable there. My grandfather built that place 50 years ago. Hasn't been changed much since. Well, of course, you've put in modern plumbing. Not yet. Here we are. Walk in. What's that? Just a fog horn out in the day. We get it almost every night in this kind of weather. What are you locking the gate for? Why not? Is nobody coming in after us? Or going out again for a while? But I thought you said the hotel. The hotel is empty. Hiram. What is it now? Let's not go in there tonight. Let's wait until morning. Oh, just because it's so dark and empty, there's not a light in the whole place and no one's expecting this. What do we eat? Where are we sleeping? Let's stay in the village just for tonight. I've got things to eat. The place to sleep. Come on. I'm telling you down in Florida about my sister-in-law, Sophronia. Well, that's her. Over there on the wall. Take a look at her. Hiram, you hurt me. Old glass is very dusty. She must have died many years ago. But her face is sweet, very sweet. And her eyes, it was something very sad and blissful about her eyes. She was a murderer. She was hanged in Portland 25 years ago for the murder of my brother Ephraim here in the lobby of this hotel. She murdered him in cold blood with an axe. Hanging over there on the wall. It was a summer day. They were guests sitting out on the front porch in the rockers. It was just after lunch. My brother Ephraim was sitting at the desk counting his loose change. My mother was crocheting in that old wicker rocking chair. Sophronia came downstairs, humming a hymn. Oh, don't, Hiram. Please, don't tell me anymore. Why not? Well, it makes me nervous to hear it like this in this big, shadowy lobby. And your eyes, Hiram. Hiram, you're acting so strange. It's no tragedy, but it happened 25 years ago. Don't touch me, Sophronia. Don't touch you. Do you remember what I said to you in Florida? What did you say? You said a million sweet and wonderful things to me, Hiram.  Look at her again. Look at her closely, Sophronia. But why? I can't. It's too horrible. I can't look at her face in any pleasure now knowing she was a murderer. You're afraid to look, is that it? No, no, I'm not afraid. Hiram, Hiram, please, Maya. Very well. Hello. Stand there quietly. Like that.  That's all I wanted to see. That's all I wanted. February 13th, Green Harbor Hotel, Maine. I can't understand it. I tried to fathom it, but my head aches and my heart is heavy. The hotel is deserted, has been for 25 years. Everything is covered with spiders and cobwebs. Great dining room with its oak woodwork is alive with rats. And a row of broken rocking chairs on the front porch faces emptyly out to sea. Does he mean this to be my home? He's downstairs in the shabby parlor, off the lobby playing the harmonium. Sophronia. Yes? Yes, Hiram? Sleeping? No, dear. Why is your door locked? Come out. I want to show you around the place. It's all right, dear. I've seen it. I've seen just about everything. No, you haven't. You haven't seen the grounds at all. The grounds? Good night. I want to show you where my sister-in-law, Sophronia, is buried. Not tonight, dear. Please. It's so late and I have a headache. Open the door, Sophronia. I want you to come now. No. No, I'm sharp. Carrying on like that? You see, I have past keys to all the doors. Beyond? Where those four birches are standing. It's where my sister-in-law, Sophronia, was laid away 25 years ago. It was the biggest funeral in the neighborhood. Folks crowded outside the gate with a dozen trying to get a look, but we wouldn't let them. Buried her ourselves without a service out here by herself on the grounds. Ephraim was buried in town, but not Sophronia. I had a feeling I'd have to keep an eye on her even then. Keep an eye? I'll help. I knew she was one of those restless sleepers who wouldn't stay quiet in her own grave. I knew before the year was out, she'd find some way to start roaming around, hunting for mischief again. She was a young she-devil to the core, Sophronia. They could hang her till doomsday. Wouldn't do any good. You mean... You mean... You think she haunts this hotel? No. No. Not this hotel. She never had any use for it, alive or dead. No. She makes for the warmer climates. She was always a cold, blooded little fish, freezing and shivering all the time. Places like California and Texas. And Florida. She makes for her. Florida? Yes. That's one of her favorite haunts, particularly around St. Pete. She likes the flowers and the sun and the romance. Ephraim, I feel cold. Can you mind if I go inside now? Just a minute. Just a minute. I haven't explained everything. You think I'm crazy, I guess. Crazy. But I'm a lot smarter than some people give me credit for. The cause you see, I have found her now. Three times. You see that grove of birches over there? Under every one of them's a grave. I've found her wandering the earth in disguise. Three times. And I've killed her three times. It still doesn't do any good. She's still restless. You... You mean you... You've killed... Three different women? So now I keep another open grave to remind her. It's waiting now. Would you like to see it? Sophronia? No, Hiram. No, no, please, I... Are you afraid to see it, Sophronia? No, I... You don't mean to say that you think... Just because my name happens to be Sophronia, that I look a little like... Drink what? Sophronia. Nothing. February 14th.  I made a terrible mistake, and I must get away from this place. I must get away from Hiram as quickly as I can. It should be easy. There's no fault today. If I can only escape from the hotel, I can run and hide in the pine woods. No. No. I shall wait for dusk when he generally sits down in the parlor and plays the harmonium. I can hide a little earlier in one of the deserted rooms, and then when his back is toward the lobby, step out the front door. There you are. What's the matter? Anything wrong? No, Hiram. You didn't want anything outside, did you? Because if you do, you'll have to ask me to get it for you. You see, I always keep the front door locked. Yes, Hiram. Yes, the back door, too. And all the doors leading out into the porches and fire escapes. And a good many of the windows that make one feel safe from thieves and beeping toms. Oh, you've got a cold. That's too bad. Yes. I must have caught it last night. Outdoors. The damn. You ought to be in bed. A good bed. The only good bed in the house is in my sister-in-law, Sophronia's old room. No, no, Hiram. I'm all right.  Oh, little head colds often develop into pneumonia. Why, it's too bad. I didn't think of that before. You might have slept in it from the beginning. Here, up these stairs. What's the matter? Are you so weak? No. No, I'm all right. This room is the cleanest in the hotel, too. I've always had a sort of suspicion about it. You see, I've kept everything as it was. All right. What's the matter? Nothing. I think it's just... It seems kind of familiar. No, no, no. It's just it's thing. It's so clean. It's not someone we're living here. It is. It only just stepped out for a moment. It's as she left at that afternoon when she walked down to murder my brother. You see her needlework on the table with the needle sticking in it? And her hymn book still open? She was very fond of singing hymn, Sophronia was. Had a nice voice, too. I used to accompany her. I'll turn down the bed for you. Then you can get undressed while I go and make you some hot tea. No, I don't want any. Here's the closet. You can put on one of Sophronia's dressing gowns. Dari, I'm beside myself. I shall go mad. I shall go mad. Two hours have passed since he locked the door upon me. Night's fallen and I'm alone.  I'm sitting here at her little wicker table trying to become, trying to write this. Somehow when one writes about a thing, it doesn't appear so real. My hand is just rushed against her needlework. Her hymn book. For they still lie. Wavy. I can bear having them near me no longer. I must get them out of sight. Anywhere. In that closet. A bureau. Ready for your tea? No. Why aren't you in bed? You'll take worse cold, you know. I'll get in bed in a minute. First time. Oh! Brushing up on your needlework again? My needlework? You've got it in your hand. Have I? Oh, yes. Yes. Yes, so I... But I wasn't working on it, Hiram. I swear I wasn't. I've never done a stitch of needlework in my whole life. I don't know one embroidery stitch for another. Let me show you. Look, I don't even know how to hold a needle. Get into bed, Sophronia. Your fever is...  You've got to let me explain. I was born in 1892 in Kalamazoo, Michigan. My name is Sophronia. That's true, but they name lots of people, Sophronia. I was named for my grandmother. She had just died. No, no, no. You've got to listen to me. I've lived in Kalamazoo all my life. If you'd only just write a letter or send a wire, well, I've never heard of green harbor in my whole life. I never went anywhere. For almost 10 years, I stayed home day in and day out, nursing Papa. He had his stroke. I wasn't out of the house. It was the red brick house in the green shot. February 15th. Now I live only from moment to moment, listening to each creak upon the stairs. I've been in bed all day. It's night now. The fog corn has begun to blow again. February 19th. I woke up early this morning after a wretched night, and the date was burning in letters of fire in my brain. If he's planning to kill me, it'll be today. But the hours have been crawling on. It's almost midnight. Oh, why if he's going to kill me? Doesn't he do it at once? Why does he torture me like this? I'd rather be dead than sit here in this room one moment longer. I can't bear it. It doesn't come in five minutes. I shall force him to come. I shall beat on the door. I'd rather let me sit quiet praying that it doesn't come. Sing me a hymn. Well, I've forgotten. And besides, it's when my door's locked. It's unlocked. Try it. Isn't I never know it? I didn't try a few more times. Why did I just sit there assuming? Anyway, he'd have known. But I might very better. It always did carry better in the hall. Didn't it, Sophronia? So you remember that, too. Of course, you know both the front and back doors are locked. Play a few bars, Hiram, dear. To warm me up? Shall I sing, too, Sophronia? Would you like me to sing along with you? If it pleases you, Hiram. Shall I read it to you? Yes. Yes, go ahead. March 22nd. I've been sick, I think, for a very long time. The pages of my diary are blank, but I shall take you out again for a diary today and start you over again. No. No, I shall never look back at the other pages. I shall only write on and on about this beautiful place so that no one reading this diary will ever know. I did do it, diary. I was smarter than he. When I opened that door at the head of the stairs and heard the music, when I saw the fire axe still hanging on the wall, I was cautious. So terribly cautious. I tiptoed like a little mouse, even as I sang the hymn into that room where you... But I was clever. So much cleverer than he. I kept on singing. Rihanna shall never catch me now, not this time or ever again. Because... Because he's dead. Isn't he, nurse? Nurse... Isn't my dear brother-in-law Hiram really dead? Yes, miss, he's dead. And now I'll thank you to hand me that diary. The doctor doesn't approve of the patient's writing anything. And so closes the diary of Sophronia Winter starring Agnes Moorhead and Ray Collins, tonight's tale of... This is your narrator, the man in black, who conveys to you Columbia's invitation to spend this half-hour in suspense with us again next Tuesday when Richard Dick's Gale Page and Montague Love star in Death Flies Blind. The producer of these broadcasts is William Spear, who is Ted Bliss, the director, Lut Gluck and the musical director, Lucian Mahawek, the composer, and Lucille Fletcher, the author, collaborated on tonight's suspense. This is the Columbia Broadcasting System This is the Columbia Broadcasting System


The number of people hospitalized for the flu this year continues to be on the rise. A Sarah Winckelman heard from local physicians about how influenza is impacting the Brainerd Lakes area. Across the state of Minnesota, the flu virus is widespread and Brainerd is no exception. It has been a rough flu season. Ascension Health St. Joseph's Medical Center in Brainerd has seen hospitalization numbers increase dramatically from last year. We've had over 90 people hospitalized here at our Medical Center with influenza this year. At this time last year we had only had five or six and by the end of flu season last year had had just over 50. With the flu season that could possibly hit the peak in the near future. I think we won't really know that we've hit our peak until we're starting to hit that decline and we haven't seen that yet so at this point it's still it's still very prevalent within our community. Until then it's important to take prevention steps to stop the spread that often comes in the form of coughs and sneezes. And we don't think about those micro droplets the particles that are traveling and with a sneeze potentially 10 to 15 feet depending upon the amount of force that you have behind that. In order to stay healthy doctors recommend the easiest way it's to go to the sink and wash your hands for at least 30 seconds while singing your favorite song. These simple steps can help prevent a large-scale illness. It's feeling like you've been hit by a truck. Generally we do see high fevers so where we're talking about that 102 kind of fever we're talking about body aches we're talking about cough we're talking about chills we're talking about headache and just feeling miserable. With a number of contributing factors health officials say this season's flu strain is very strong. The extremely cold weather that we've had nationwide has also bred for a very strong strain and so that's part of why we're seeing it be so bad this year comparative to other years. And as for now there's no sign of slowing down. We've sort of had a steady stream of patients both in the inpatient and outpatient realms basically since the holidays. In order to stop the spread Ascension is reminding the public that it's still not too late to get a flu shot or start practicing good hand hygiene. Reporting in Brainerd Sarah Winkleman Lakeland News. For many the best treatment for the flu is ibuprofen or Tylenol and lots of fluids and rest. If you enjoyed this segment of Lakeland News please consider making a tax-deductible contribution to Lakeland PBS.


The Minister of the Federal Capital, Territory F.C. Tignan, some weekend has opened up on the field between him and his predecessor, River State Governor, Singh Fubara. Wike referring to the crisis and the state said money and power revealed the true identity of a passing he made this known during a press briefing with journalists on Friday in Abuja. OK. I, federal government, fought to the point that I couldn't have done, I would have lost focus. You know what I passed through from 2015 to 2019? You know what I passed through in 2019 election? You know what I passed through? This one, God gave you. No crisis for you. You are not one important crisis. Do you know what it means as a governor? I'm not a slave to him. The government fought to be very happy. But the structure remained, one agreed, one was to do. God gave Israel a necromancer of God. No crisis. Federal government is not fighting you. Nobody is not fighting you. You are the one trying to create crisis for yourself. What kind of system is that? What kind of system is that? Who does that? They broke it no matter. Only ingrates. Only ingrates in their body. Now support, what is happening there? Only those who are not sure of ingrates. Forget about those who are seen around. Those are people who couldn't come to the state because some of them I decided to make them governor. Is it not because of the problem that those people now, because you are away from the state, they have seen an opportunity to all its people. I have no problem. You can own whomever you want to own. I have no problem. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


Hello everybody, E here. Welcome back to another book review. Today, we are talking about the absolutely exceptional yellow jesamine by Caitlin Starling. I want to preface this review by saying I'm not a huge fan of Gothic horror, I'm not a huge fan of sci-fi or fantasy either, sci-fi especially not, and I've maybe finished about five science fiction novels in my life, and I absolutely loved The Luminous Dead, Starling's first book. So, but today, we are talking about her follow-up, a novella that Neon Hemlock, the publisher, and Starling were nice enough to send me. Yellow jesamine is Gothic horror, I don't read too much of it, but the reason why I mentioned The Luminous Dead, other than it being absolutely fantastic, one of my favorite reads of the year, even though it didn't come out this year. The reason I mentioned that is, I didn't like sci-fi and I loved The Luminous Dead, I don't like Gothic horror, in fact, two other books of Gothic horror this year really let me down. But this one, once again, absolutely fantastic. In fact, it'll be in my top five of the year, the relationship between the main character and her, I don't want to say handler, but the young woman that lives with her and helps her out, it's more that codependency that I found with Gaia and M in The Luminous Dead. And Caitlyn Starling does this so well, the way people use each other to hold themselves up, maybe not the best relationships, but there's always a lot of honesty in the relationships. The set pieces are amazing, I believe, I'm pretty sure there's no historical accuracy here, just like with The Luminous Dead, it's a world alternate from our own. I could be wrong, I don't think so, but I don't recall any of the names, the townships or any of that stuff. The book opens up very mysteriously with her on a ship, and then it just gets more mysterious as time goes by, there is a plague ravaging the city, and there's so much mystery and depth to this story. By the time you get to the end of this short novel, I'm almost positive you will be as shocked as I was. The writing is fantastic, just as it was in The Luminous Dead, but I really want to harp on the relationships here. Caitlyn Starling draws very, very beautifully in-depth characters that have neuroses and they have faults and they are broken people, they are ugly, they are evil, they are all these things that society frowns upon, which I actually love reading about. The book is very dark, there are some very, very creepy scenes. I don't want to talk too much about the ending, but by the time I got to the ending, my jaw was on the floor. I know that's cliche to say, but I was literally just gaping at my kindle. One thing I want to mention, the audiobook is already live, the paperback doesn't come out until September 5th, no, September 2nd, and the ebook comes out on September 5th, I believe, but the audiobook is already live. I'm reshooting my video to tell everybody that, so if you want to go ahead and grab the audiobook, I'm going to leave links to everywhere that you can purchase this book down there in the doobly-doo. I cannot state this enough, it is a fantastic story. I did read some reviews on Goodreads from people who were upset or disappointed because the book is, I guess, labeled LGBT plus as far as the themes or the genre or whatever. There is a sapphic relationship, but it's not the whole point of the story, so if you're on that side where you believe that only books that deal with those themes and what comes along with that, you're probably not going to find too much depth there, but there is a sapphic relationship in the book itself. I would hope that people can look past maybe a wrong genre kind of deal, because this book is absolutely fantastic. There's never a dull moment, the characters are beautifully written, the writing itself is absolutely gorgeous, it has my highest possible recommendation, and if it wasn't for Tiffany McDaniel's Betty, this would probably be my book of the year. So if you read Yellow Jezamine by Caitlin Starling, did you get your hands on the ARC? Let me know if you loved it or hated it down there in the doobly-doo, but until next time, I have an E, you have an U, this has been another book review, I'll talk to you guys later. Bye bye!


This is my wife Lindsay and this is an Ender 3 Pro. She's gonna put this together. What? Yup, my name's Jim and this is the Edge of the Edge. And I've actually put together quite a few of these, but Lindsay has never put together a printer before. So today, using only my build video, so today using only my build videos, she's gonna put this together for us and we're gonna see how she did at the end. You ready? No. Ready for what? What? I don't know. So I'm gonna go upstairs with the baby and I'm gonna come back and hopefully we have a printer. Yeah. Sounds like a fair trade. All right. I've laid out all the parts in no particular order across the whole bar in our basement. And I did it down here because of baby sleeping upstairs and we didn't wanna drag him out into the garage. She has access to my build video, the original assembly video, which I'll put somewhere up here and she is going to use those build videos, hopefully we'll find out and put this thing together. Yup for the challenge? Yeah. All right. I can't wait to see what it looks like when we're done. Is there more than one way to put it together? No. Okay, then we're all right. She's got this. So here's your parts. There's your build videos if you wanna use them. The instruction manual's right here if you wanna follow it, we're gonna rock and roll. Let's do it. If I attach the mouse to the printer, do I get extra credit? In the back. So you can tell it's the back because the Y stepper motor is in the back of the machine and that's right here. So put that facing in the back of the machine and the other side. Center knots. I don't feel like I'm looking in the right place. These things? Maybe? Oh, okay. I'm supposed to loosen them so that the bed wobbles. Makes absolutely no sense. I need more arms. Is that the right way? Definitely loosey. So, Jim came down here even though he's not supposed to. Bye. We were trying to loosen the eccentric nuts, but they won't loosen. So we're moving on. He said we'll fix it later. So I have to put these right and left side extrusions. I don't know what they're called. This is the right side because it's got the two holes there.  But I don't know where to attach this. Can't even see what I'm doing. Okay, I hold it with my head. No, I really do need a turn arm. Help, mama. How do I even hold it for me so I can get the thing and the thing? Can you help me? And screw on the extrusion from the top. So I like to do this on the side. So it's gonna line up about like that when we're ready. Wait a minute. So it's very important that these are not fully tightened down right now Oops. Why didn't you tell me not to fully tighten it till after I already fully tightened it? Jim, I have to loosen this now. I want to rotate a little bit in here and they're not fully tightened down yet. Okay, let's move on to step number two. And what we need for step number two is to push it down. Not sure what I'm supposed to use to push it down with. Let's try that. Ta-da! Little tiny screwdriver. It's a lot easier than putting extrusion thing or droppers on. Okay. Next, we got the rainbow ribbon cable. Goes in this way. Is it go this way or this way? Okay. Screen is on. Next, we need the left trolley. I'm hoping it's this one. We need a Bowdoin coupler. Goes in there. Finger tight, okay? So what you're gonna do is pick up your left trolley and pick up your extrusion. On the extrusion here, we want to take our hole. Oh, here we go. I keep on like not watching till the end to find out I'm not supposed to tighten stuff all the way. And I called it on this thing. I was like, watch, I'm not supposed to tighten them all the way. And then I'm like, yep, and I go back and loosen them. Just pop it down to see how it's going. Going. Going good? Sure. It looks good. Thanks. It looks like you got your power supply on. Your uprights are on, correct? Luke would be proud. These are still loose. Mm-hmm. You're rocking and rolling. Mm-hmm. Nice job. Did it go ahead? Yeah, it did go ahead. Alan said go ahead about 16 times a second on that video. She's doing great. All right. It smells like oil and stinkiness. There's always just ought to get at. There's one of these with the bottom one. The big one. Probably. Yep. So now we can tighten these. That we had before. And this is in the protective layer still. That stinks. So the first thing we're gonna do. There we go. Oh, we had straws down here. Excited. I know, it's totally random. You gotta tighten this. I don't even know if it's in there far enough. How far are you supposed to go in? It's like barely in there at all. Guess what? We have straws. It's a box of straws I forgot about. Oh, down there? Yeah. So I thought maybe it was too tight to let this thing in there. And so I loosened both of them to let it go in. But what happened was it's a little skinny metal thing or dropper. Disappeared. So it either went in this thing or I don't know if it's supposed to be. You know what I'm saying?  So what she's talking about is the coupler that's on the stepper driver. So loosen these up. I did. They're loose right now? Yeah. Yeah. It's there. So it was sticking up before. And when I loosened the bottom one. It all fell. It all fell. I was supposed to loosen that tight. So it can be like that. That's fine. I'll tighten the bottom one. So then we tighten this coupler. You can get to them like this. They come in from the back here. There's two screws. You had to fish in with your fingers, right? Yeah, I loosened them. So they're loose right now? Yeah. They're not like loose, like loose, but they're. That's why it's so loose right here. In a second here, I'll show you how to fix, you know, let's take the top off because I'll do that anyway. This will all come out, it'll unscrew from here and you're gonna have to tighten those screws in. So I just realized that I accidentally stopped recording and didn't start again. So what I just did was check the here so that it's just barely touching. There we go. Install our ZN stop that came with a kit. That's what this is. Okay. I have no idea where it just goes, hang on. Okay, it clicks. There we go. Well, that didn't work very well. Okay, I think we're good. Next, I don't know how else to do this. Okay, 20 minutes later. So loosen it, loosen it and tighten it. All right, wobble, so we wanna go tighten it. I think that's pretty good. That's gonna go down. And we're gonna put it through the left side.  So it goes in here, apparently. I bet you these have to be loose again like the other one. I don't like these knots because they're not in the trap. They just do whatever they want. Come on, spin. It's not 20, you know? I like putsy things. This is a little bit too putsy. All right, snip, snip, snip. Getting hot, it doesn't really mark so good on there, but hopefully that'll be good enough. And to the top here, as far as you can go. Okay, so it worked that time. All right, it's looking good. Thank you. How was it? Not too bad. It's where you're at. I'm ready to check my auto home and make sure I got everything good to go, I think. Now let's do an auto home and see what happens. There's sunbind as well. So far it looks like you got all the cabling right. Did you check the end stops yet? No. Oh, well let's do it. So that stops the Z, which is down. So we know that that stopped. This one stopped here, this one stopped here. Looks like your belt is riding good. What's up, everyone? So I snuck back down here into the basement after Lindsay went to bed and then I laid the baby down and he is sleeping. As you can see, it's quite late on the night that we filmed this. The sun isn't even coming into this window anymore. But I wanted to jump on camera real quick and just say I am so proud of Lindsay for doing this build. It was a heck of an afternoon. It took quite a while between watching the video and building it. Never have built one before and not really knowing a lot about 3D printing except for what she hears or sees from me. And she did such a great job. She was a trooper and she really did an awesome job on this. I just wanted her to have some fun and a little experience putting one of these things together, assembling it from scratch. And she really, she really did a great job. So nice work, honey. I'm very proud of you. Tristan and I love you. And back to the video. Well, how'd it go? Pretty good, I think. Yeah. Was it hard? Did it follow easy? But... A little bit of everything. I thought there was some stuff that I didn't understand right away. And I had to go back and watch it a couple of times.  Because I wasn't sure. But overall, I think it went okay. Well, it heated up. All the end stops worked. And it looks like you did a good job putting it together. I'm pretty impressed. Your first time? Yeah. Yeah? You can do all the tweaking now. I'm good. You're done? I'm done. So this is the Ender 3 Pro. Lindsay got it together for us, which is great. We're going to add this to the rotation. It's a stock Ender 3, which is awesome, because I don't have any of those anymore. So I want to check out the firmware and see what they're running now, because this is a newer machine. I think you did a great job. Thank you. Yeah, nice work. I hope you have a little fun. And I know you've been down here for a while. That's okay if it's on the outside. It'll go over here eventually. But that's okay. She did great with this build. It took her a while. She was watching the assembly video that we linked in the beginning and putting it together as she goes. She's never put together anything like this, really, and had kind of no idea, I don't think what she was getting into. But I don't think we quite converted her. She's not going to be building a bunch of these anytime soon. But... I'll stick to crochet. She'll stick to crochet. And I just learned how to do that, so... Just remember, anyone can build these. It just takes some patience, some time, and a good build video out there. So have a little fun. I hope you learned something today. And as always... Keep printing. I thought we were going to say it together. Sorry. Keep printing. Hey, everybody. I hope you liked the video today. If you did, give us that thumbs up. She did an amazing job. Hit that subscribe button. And don't forget about the bell right over here to get notifications when we go live on Mondays for Hot Makes. And when we put out any new videos like this. Did you see this one?


Hello! This video will show you how to recover files from an external hard disk with ease use data recovery wizard. There are many causes while files can be lost, from accidentally deleting a file or folder to disk formatting, virus attack, or system failures. To begin with, open the external hard disk and delete files from there. Let them be some documents. In order to recover files lost from an external hard disk with ease use data recovery wizard, start the program and indicate file type. Next, select the disk from where you are going to recover files, in our case disk E. Scan and wait for the scanning to be over. Having scanned the external hard disk, ease use data recovery wizard suggests to recover more files by running a deeper scan. Before that, let's have a look at the folders the program has recovered after a standard scan. As we can see after scanning, the program has found the files we deleted. If it didn't happen, we would continue looking for these files with a deeper scan. Double-click on one of the files to view it before recovering. To recover the necessary files, select them in the program window and click Recover. Choose the folder you have created in advance for saving the files and click OK. The program opened the folder containing the recovered files. The files have been recovered. It should be noted that there is such a high percentage of recovered files because we started a recovery action right after they were deleted. To evaluate ease use data recovery wizard, we compared it to Hetman Partition Recovery. The two programs have much in common – a simple interface, two analysis types and a preview function for files waiting to be recovered. However, there are distinctive advantages to be found in Hetman Partition Recovery, such as a better quality quick scan algorithm, a preview function that supports playback of audio and video files, and more methods to save recovered files. They include recording to a CD, DVD, uploading by FTP, or creating a virtual ISO image of the recovered data. Hetman Partition Recovery also has the function to create a virtual disk image, which you can use later to recover files. This program can also recover virtual machines data. The version of ease use data recovery wizard we are testing does not have such functions. If you want to share your opinion on the programs we have described, leave a comment. That is all for now. Thanks for watching. I hope this video will be useful for you. If you liked this video, click the Like button below and subscribe to our channel to see more.