/biz/ - Business & Finance

>>24915488
you only pay taxes if you sell bitcoin for fiat

anon, you havened been selling have you?

never

yes, but will it be enough to sate their bloodlust?

>>24915679
In Australia you're taxed on every sell and every swap, it's unavoidable.

>>24915488
why would i pay taxes to the IRS? I dont even live in the US

>>24915488
Yes, master. I will. Just leave me alone for a bit, ya know? I’ll be honest I promise. Just don’t make me report my stuff now. I only sold a little non-material amount, okay? I’m a decent guy I swear. Thanks, master.

>>24915719
are you serious? what kind of backwards shit is that? so you can buy a shitcoin pay taxes on it and the coin can then tank?

jesus

>>24915719
australia is dumb

Never selling

>>24915764
This place is a bit of a shithole, not going to lie.

>>24915764
at least the weather is nice

>>24915719
How do you calculate it or is it done automatically?

>>24916232
Manual as far as I know.

>>24916232
Whatever profit you made between the time you buy and the time you swap/sell is your capital gain, then you're taxed on whatever that new token makes when you sell/trade.

>>24915488
my country has 0 crypto tax so no

>>24915488
Do I have to pay crypto as both a capital gain tax and as a crypto gain?

>>24915488
Only over my dead Jewish body

>>24916958
Yea, and VAT + tip to your IRS agent

Only if I get sent a 1099, yes I know I'm setting myself up for the "can't cash out" meme, but I'll worry about that down the line when I've got millions

>>24915679
swapping coins is a taxable event

>>24915719
Same in America, I think? I'm not doing that though, I've made soooooo many trades for no actual gain in value. I'm going to just do total value - money put in - fees on anything I cash out (spoilers: it's nothing so far). Same as I have been doing for my small business for years and years.

Only straight up KEKS pay

>>24915488
No, because Im never selling

I only have losses, they have to pay me.

>>24915488
im not paying because im claiming ignorance the first time. and then im not paying because the government is illegitimate and tax is theft

thank god im euromasterrace and not a stupid burgermutt

>>24917479
I don't get the IRS's reasoning behind this.

>you can make up a bunch of losses
>claim that they were from some shady chink exchange that they would never be able to verify anything from
>you get paid

Behold the US government, full of our best and brightest.

>>24917538
Generally they want proof as best you can provide but all my uniswap transactions are losses so it's not really worth bothering. I'll just give them the coinbase stuff since that's easy to track. It wouldn't matter since they jewed me out of a 6k a month job so I was only making like half of what I was on unemployment so they still owe me a tax return regardless due to not making enough to owe any taxes.

The jews reap what they sow.

>>24915488
Yes Agent Johnson. I am always glad to do my duty and pay those taxes.

>>24915488
Any Germanons here? Did you payed to Mutti Merkel? How does it work in Germany?

>>24915488
yes i pay the extortion money. i work with money and therefore am on the radar so i can't just go around evading taxes.

>>24918089
No taxes if you buy and hold for at least 1 year. But you have to pay taxes when you cash out or swap anything under one year. Tax ist between 10 and 45 % if you hold for less then a year.

Have a nice day.

>>24916209
sike

>>24918186
Thank you. I saw a thread about this:

https://www.ledgerinsights.com/germany-passes-electronic-securities-bill-blockchain/

Is that a step into taxing the shit out of your capital gains soon?

>>24918129
might as well just pay it its not worth going to prison and having to constantly look over your shoulder. cant you just reinvest money to avoid taxes like amazon does?

>>24918129
>I work with money
Same with everyone retard. People don’t actually get paid in gum

>>24918286
First time I'm reading this, but it dosent say anything about taxes in this article!? I still have a bad feeling about this.

Do you consider moving to Germany?

>>24915488
had to pay them an extra $1000 for 2018 on top of this year's taxes

bros, let's say you make it in the US with crypto and you cash out. You would only have to pay the tax once, right? or would you have annual taxes on it as well

>>24918368
I live here (wife is German), so far so good, but I'm considering moving after I reading that draft. They are up to no good.

Free coins count as dividends
Xrp fags BTFO
Go directly to jail or pay those taxes

>>24918419
Crypto taxes work like property taxes. You need to pay 1% of it’s worth every year that you hold it

>>24915748

Only if Ur dumb enough to declare it to the tax Jews.

>>24918454
wtf? did the leader of germany really throw a flag away

>>24918754
Not only the flag, but the whole country.

>>24915488
>SIRS
Sirs yes ma'am I done the needful village many goats, cows and shiny new streets next year

Is founding a company in Bermuda and withdrawing the profit into a Bermudan bank account to later pay myself in my home country a good idea to avoid paying taxes?

>>24918754
It's not appropriate to show our superiority too much, so she gave it to someone for safe-keeping.

if you pay taxes money goes to israel. so basically no

>>24919016
>superiority
>woman in charge
Pick one

>>24918286
That just allows company stock certificates to be stored on a blockchain instead of paper.

Bitcoin is considered neither a security, nor any other financial instrument, but a commodity regarding taxes. This law isn't even in the least bit related to it, other than increasing its use cases.

>>24918933
>Not only the flag, but the whole country.

>Germany completely dominates politically and economically entire europe

>inb4 muh rapefugees

Deportation will become legal again beginning of the next year

Only noobs worry about the Irs, never ever file. It's not about evading taxes, it's about not being on their "crypto" list. Soon they will start checking for hardware wallets during customs checks, the regulation game is only beginning.

If you want to sell crypto and want legal money (no tax), setup a fucking company in Dubai or Singapore somewhere. Send your crypto to the otc, make the otc send your company a wire invoicing it for services payments (e.g it/legal etc..) And then pay some small corporate tax there. Convert capital gains into corporate and minimize the tax as much as you want (only if you want legal fiat in the bank)

otherwise go otc cash and be careful of the feds posing as sellers on sites such as localbitcoins

>>24915488
>>24915488
Never. Worst case scenario if I can't figure out how to launder the money to cash out I will use privacy methods to send to a new address and I will have 6-7 figures to buy drugs and other things on the darknet.

>>24919082
Based. Thank you, anon.

>>24915488
You don't need to pay taxes if you are rich. The IRS literally admitted that's it's cheaper to audit the poor.

>>24919082
>checking for hw wallets
just memorize your seed phrase. i love crypto

>>24917041
only if profit was made, kek
buy high sell low