/biz/ - Business & Finance

>>24785088
Nope, the government always wants their 'cut'.

>>24785088
i'll let you know in april. coinbase gonna send me a form right? i'm only claiming what i actually sold, not what i transferred. fuck i hate kikes and their nigger pets.
defi onramp when?

>>24785088
Just take it or else it won't be just the money they'll take. They'll turn your asshole inside out after they're done.

>"taxes?"

>>24785124
>>24785264
exactly they are just going to take a big cut of it but I think if you make over 600 coming base should send you a 1099 form otherwise you have to get it yourself fucking jews and the government want to cut to waste on shit people don't need

buy decentralized. No taxes

>half

>>24785574
Is it really half?

Just trade on no KYC exchanges you fucken pussies

>>24785606

If you make 1 million or more yes

>>24785636
>buy shit on binance
>transfer to exodus right after

Tax lophole: Kill Your Celf

>>24785438
How? If you cash out won’t they see it in you bank account?

Can the jewvernment tax you on your current positions even if you haven’t cashed out?

>IRS = IRIS

>>24785088
Eurofag here. I 'll hold and cash out in Portugal with no capital gains.

>>24785088
Use lube and bite the sheets

>>24785088
Don't fucking pay it, and if the IRS comes to your house, shoot through the door.

>>24785754
Why Portugal?

I haven't earned enough for Coinbase to report me and even if they did I'm still in the Zero range.

>>24785740
crypto to visa gift cards for anything you need, teh amount you loseo n those is less than what the government takes from us

>>24785124
Fed
>types 4 trillion dollars into the computer

IRS
>give us your fucking thousand dollars of bitcoin gain taxes or we’ll wreck your future

>>24785088
> taxes on crypto

>>24785088
>How do you guys deal with taxes
by paying them

I deal with shitty retarded threads by hiding and saging them

>>24785754
Nigger it ain't as easy as you make it sound.Also, Portugal has wealth taxes (1%), transfer taxes(7%), and a shitload of other shit that EASILY goes beyond 30% of your earnings. Imagine falling for the Portugal tax free crypto meme

>>24785088
capital gains tax is 15% for me, so take 15% of every profit and loss in usdt and add them up = crypto tax

>>24785740
>Can the jewvernment tax you on your current positions even if you haven’t cashed out?

no

>>24786100
> paying them

ngmi

>>24785088
only use a credit card for living expenses
cash out to bank account only as needed to pay off credit and pull out cash for cash transactions
do not keep residual cash in bank or exchange accounts
wait for a 1099k from goybase and only pay taxes on the amount provided
wait for the puerto rican tax corporation to ask for more, if they think you owe more

I'm starting to think you guys were making it up all along too

>>24786185
And leave you gains tied up in a coin that could go to shit where you lose everything? Explain how that works. And don’t tell me move it to a stable coin bc you have to pay taxes on the coin to coin trade.

>>24786053
where can i trade my crypto for visa gift cards?

>>24786513
stable coins also have a freeze funciton

>>24786541
I use egifter and coinsbee.
DYOR ofc, never trust an anon's links

i can't pay taxes i'm homeless, i use my completely overpowered passport to switch country every few months

>>24785088
Tokentax is probably the best way but it's still a nightmare.

Entering and exiting Uniswap pools counts as a trade. Depositing collateral to to get a loan on Aave is supposedly a trade as well. It's all bullshit.

>>24785642
No it's not.

>>24785088
ignore them

dont ignore them

i made $100000 on ripple last year. went all in some scam shit and lost 80k. I got letters from the irs saying i owed them 50k i ignored them and my wallet and bank account got frozen and they even took my stimulus even. i live with my parents now idk what to do. i try to talk to them and get my stuff unfroze and make payment they dont really care. i hate them

>>24786773
Things that never happened, for $500 Alex.

Fortunately I live in a country where crypto gains are not taxed if the coin was held for at least 1 year. tfw my country is forcing me to make educated decisions instead of gambling like a true degenerate.

>>24786843
Real or not, if you ignore them then yes, that WILL happen.

>>24785636
cant they always fucking find out even if years later the jews will call your tab

>>24785770
nice but they will always have more bullets since everyone else taxes paid for their guns bullets and equipment

>>24786864
yeah but Germany also wants a flocking wealth tax to pay for niggers and such so we shouldn't be too cocky. i'll probably cash out to some bank in Singapore

>>24786988
>yeah but Germany also wants a flocking wealth tax
[citation needed]

>>24786100
not what I mean I mean why try and buy and sell and try to make so much when they just take it away

>>24786126
interesting okay

>>24785606
it's going to be more. much more.

>>24785088
I just use cointracker. It spits out what I owe and put that on my return. Taxes suck but it beats dealing with the feds.

>>24786773
gained 100K
lost 80K
how do you still owe 50K in taxes. Taxes consider your gains and losses, right? Maybe you should let IRS know you lost 80K and show proof of loss

>>24787026
just google it bro
https://www.deutschlandfunk.de/bundesfinanzminister-scholz-zur-pandemiebekaempfung-ganz.868.de.html?dram:article_id=488741
they keep fucking talking about it

Vermögenssteuer wiederbeleben

Ein legitimes Mittel könne auch die Wiedereinführung der Vermögenssteuer sein. „Die wurde ja nicht durch das Gesetz abgeschafft, sondern weil der Gesetzgeber nicht den Auftrag des Bundesverfassungsgerichts erfüllt hat, eine ordentliche Bewertung unterschiedlicher Vermögen durchzuführen. Und das, glaube ich, sollte nicht so bleiben.“

>>24786864
Here I need to hold for 2 years and it's tax free.

But how does it work exactly? 2 years and one day passes and I can literally sell millions of crypto I held straight to my bank account? Or do I first have to give some proof of holding to the government before I sell?

>>24787096
That's just Scholz being a Sozi-Schwein. Just like he keeps talking about removing the Abgeltungssteuer. Not gonna happen.

>>24786630
senseless bullshit

>>24786988
>>24787096

Wie geht das? Ich hab auch kein Bock für diese ganzen Penner zu zahlen. Verdiene eh kaum was.

>>24787143
>Not gonna happen.
maybe not but we have a fucking curfew right now. a year ago nobody would have thought that possible and your money in insured up to 100k only in EU banks and bail-ins are a thing that can happen and did happen before so better be prepared

>>24786053
>>24786541
>have to surrender phone number and/or address to get it anyway

>>24787294
>Wie geht das?
what do you mean

>>24785088

Don't cash out, but things with Crypto...

https://www.youtube.com/watch?v=Mb8ZBf6g4yg

https://www.youtube.com/watch?v=_g5x7GOOhU8

Live based.

>>24787469

*buy

>>24787092
>realize 100k in gains in 2017
>buy shitcoin in late 2017 with 100k
>devs rugpull in Jan
Because the gains were realized in 2017 while the losses were realized in 2018, the losses in 2018 are unable to counteract the gains from 2017, so you would still have to pay taxes even though you have $0 left

>>24785327
stop drinking and stop being a nigger

>>24787127
No one ever answers this question in any thread

>>24785088
CLAMPED CIRCUMCISED VACCINATED TAXED

>>24785606
not yet. but you have to check a box to report crypto. i'm on so many lists now. if they ever cross reference i'll be on the kill list for buying chainlink and posting about jews. shits ridiculous but i'm not wrong

>>24787127
IDK I feel like in 10 or so years a lot of the people on here are going to be dragged before the jew asking where the shekels they owe for existing are

>>24787127
>>24787518
you still don't understand how capital gains work? your question isnt worth answering. figure out how to google you dumb fuck

Pay your taxes. Do the best you can.

>>24787503
yo im not even drinking but when I read my post I swear to god I didn't type it that way are the borgs getting me for buy 50 dollars worth of coin or maybe I should stop using the gramarly auto correct

>>24787127
>>24787518
Just sell it and transfer everything to your bank account. If the tax authority of your country asks you for proof you can easily prove it by showing them the transaction history on the blockchain. It's their problem if they can't figure out how to read that.

Came across the DuckDAO hunters game, does anyone take part in it?

Looks like this crypto incubator can provide nice options for investments. Please, share your opinion about it

>>24785088
live in 3rd world country where govt doesnt even care with crypto. no crypto transactions are allowed but trading is ok. comfy

Taxes? More like SCHMACKSES AMIRITE?

>>24786843

Keep thinking that till they come for you faggot.

Irs only lets you deduct $3000 in capital gains

>>24785088
Then hold retard.

>>24787499
so many people got burned through this last bull run, especially with the timing of bitcoin's all time high in december with alt season running into early new year. they'd sell their bitcoin before the new year then use the gains to buy alts that dumped so hard that they didn't have the money to pay the capital gains tax of the prior year. seriously to anyone in this thread reading this, reread this anon's post that i'm referencing until it's drilled in your head.

>>24787499
so dont buy shitcoins. got it
but as long as you HOLD you dont pay taxes right?

>>24787837
Correct. They are not realized until you trade/sell

GET A FUCKING TAX LAWYER YOU STUPID FAGGOTS

>>24787622
stop being a nigger or stop posting

>>24785088
Because I have always lost money

>>24787837
Don’t rebalance your portfolio around new years.

I can understand taxing crypto gains but crypto to crypto being a taxable event is fucking dumb

literally dont sell in a country with a jewish government. find somewhere that will treat you well & respects wealth, move there & cash out only what you need. These times ahead, normies will see the ridiculous level of wealth crypto will generate and feel jealousy. they will vote for a wealth tax or more capital gains or whatever. quietly defund the shitty governemnt and move somewhere that treats you best.

>>24787877
have you claimed crypto losses on taxes? or you don't even file? gross just thinking about it

>>24787692
are you white?

>>24787916
explain why it's dumb given the tax code.

>>24785088
Oi you fucking racist. The government needs that to house refugees and niggers

>>24788067
It’s defined as property right? So when I cook dinner and my friend brings the beer we both have to technically pay taxes on that transaction

>>24787868
make me its my thread

What I don’t get is how will they tax crypto to crypto
t. Aussie

>>24788136
if you have the trade data this is easy to do and the ATO have made it clear enough around taxable events.

>>24788136
by putting burden of proof on you

Should have thought about that before being born.

>>24788115
dont argue with me, argue with the irs. i've seen miles of video of you dumb niggers getting your shit rekt. fancy pants won't save you. MUH CAPITAL LETTERS MUH CONTRACT it's ultimately about jewish power and until you retards realize it we're stuck in this paradigm against eachother.
>>24788128
typical nigger.

>>24788224
Lol you asked why I think it’s dumb so I told you? I’m not arguing friend and I’m fully aware of the reckoning I’m facing

>>24786630
good thing the US is the only country that taxes you no matter where you go

>>24788280
but you can renounce citizenship, right

>>24788405
yeah but noseinberg always finds a way to get the goyim in and his sheckels that's the problem

>>24788405
yes. and you pay an exit tax. i know somebody who is trapped because he can't afford the exit tax without liquidating positions because the underlying assets pumped.

>>24787774
This, keep track of your taxes and make sure you've either paid enough in estimate payments or set enough aside by the end of the year.. its so easy to fuck yourself into owing money that you don't have and have no way of getting.

>>24788179
Coin spot show you your transaction records. Is this enough?