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/biz/ - Business & Finance

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3534623 No.3534623 [Reply] [Original]

I'm tired of wondering if the IRS is going to fuck me up if I don't pay my taxes right so I booked a consultation with a tax attorney specialist in bitcoin. Hit me with your questions /biz/ and I'll come back and share, let's shed some light in this community

>> No.3534640

>>3534623

>Does crypto count as like-kind trade? Or do we only pay on fiat in -> fiat out?
>Do we need to do quarterly gains/losses on coins traded or held?
>Is cap gains tax timer reset on each trade?

>> No.3534642

>>3534623
ask if you get taxed on your total profits at the end of the year OR each trade

>> No.3534644

>>3534623
There are tax attorneys specialists in bitcoin?

>> No.3534647
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3534647

>>3534623

Ask him about doing USD/Bitcoin transactions on an exchange located in another jurisdiction like Canada.

What are the tax implications?

On a side not, ask him if he's taken the MGTI pill yet.

Cheers.

>> No.3534654

>>3534623
> Do we get tax reductions if we are poorfags in the United States?

>> No.3534659

>>3534623
Ask him if he is jewish.

>> No.3534665

>>3534640
^ this

>> No.3534778

ask him about bitcoins from cloud mining operations

>> No.3534784

>>3534623
Ask if you pay taxes if all you do is hodl

>> No.3534842

>>3534644
Yes. There are some listed on bitcoin.tax, the site has a good tool for calculation but there are too many options I don't understand so I contacted on of the attorneys they have listed, Tyson Cross. He has a solid knowledge base and has recently been quoted in Forbes.

>> No.3534870

>>3534640
Cool, making a list