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28337322 No.28337322 [Reply] [Original]

So uhhh, what's the absolute worst thing that can happen if I don't report my crypto earnings to the IRS? I really don't want the government to take a cut out of the already small amount I've made.

>> No.28337467

You don't have to pay taxes unless you withdraw it for fiat. I'm not going to either. See you in federal prison, anon.

>> No.28337574

>>28337322
You will get audited. If you don't pay up eventually you'll end up in jail.

>> No.28337739

>>28337322
just fucking sign up for koinly and do it. its not that bad. if you owe a little, so what. if you suck like me, you wont owe anything because youre in loss.
also, sending crypto to your cold wallet is not taxable. so if you got bigass gains sitting on a cold wallet, youre golden. you dont owe money on it unless you sold it for eth or usd

>> No.28337815
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28337815

>>28337467

>> No.28338108

>>28337467
>>28337574
Jesus fuck. I can't go to prison I wouldn't survive a damn hour in there.
>>28337739
Alright, thank you for the tips anon. Is it true if you hold your money in crypto for 3+ years it becomes untaxable?

>> No.28338365

>>28338108
At least you'll have the opportunity to shank someone.

>> No.28338466

>>28337739
I can't send my RBC, REEF and other shitcoins to my cold wallet though. So, now what can I do??

>> No.28338672
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28338672

>>28337574
>paying taxes so jews can fund scams and anti white policies

>> No.28338978

>>28338108
You won’t go to prison. You’ll get a letter in the mail announcing an audit and asking you to get your shit in order, and then you’ll hire an accountant, plead ignorance and pay what you owe