Yeah I just started to check out Jupiter today, I’d done swaps within Phantom thru Jupiter but that 0.85% fee is hefty. I was converting SOL to USDC within Phantom and moving the USDC back to Robinhood to sell, but I’m not sure how I can still exchange my USDC to USD on a DEX. Does Jupiter have an option to connect a bank account? I’m still looking into all of this

Read this but didn’t get to reply before. Well thank you for this detailed breakdown! I’ll definitely have to do more research and see if I’ll go into all of this, but I get the value of it. Right now I’m at a decent gain with the price being well above $50, so I don’t need to worry about selling at a loss. I’m swapping some coins to USDC and was just going to transfer it back to RH or to Coinbase to sell, but I’ll see if I should do more anonymous actions like you’re suggesting.

The only reason I am trying to sell (some) now is because I just lost my job last week and needed some liquidity for a few urgent things. But as we speak, SOL is just above my average of $50.85 which makes me very happy!! I’m still going to hold for a bit

Okay cool, thanks for the tip!

Okay great, thank you! And this keeps track of all of your conversions and sell orders? So like, SOL to USDC and USDC to USD specifically that came from the SOL? Or I guess the only taxable event is SOL to USDC, since USDC is stable.

That’s true, and the price just went up again to almost $47! What exactly do you mean by rinse my coins? And okay I’ll look into the tornado cash and VPN thing. And claiming as a total loss, that’s something I would do when I file my taxes or that’s something I would report to Phantom after I transfer the coins to new wallets?

Hmm okay I see. I guess I’ve only done crypto taxes with Robinhood before, since I’ve never sold any of my crypto from Coinbase, GDAX / Coinbase Pro, Binance, etc. So I had a very simple tax to calculate this year for 2022, since Robinhood gives you a 1099 with all your bases and loss/gains. I tried Cointracker this year but got stuck on something, so I’ll look back into that. Thanks!

I didn’t even know this was happening, that’s awesome! As much as Robinhood sucks, I really did enjoy the 0 fee buys and the simplicity. I’m probably going to sell on there if I can then.