/biz/ - Business & Finance

>>50810018
Nobody gets jailed for tax evasion outside US

>>50810018
benis

>>50810018
>87,000 new IRS agents
Let’s Go Brandon

>>50810018
oh no
lost your records from when you initially bought and every transfer since then 5 years ago? missing a 1 month gap?
EVERY CRYPTO TRANSFER IS A TAXABLE EVENT
ENJOY PAYING MAX CAP GAINS 150 TIMES ON THE SAME BAG THAT WAS A NET LOSS ANYWAY
>$100 bag
>$5000 cap gains tax bill
they're going to murder people for having throwaway hot wallets

>>50810082
they're doing this because they know crypto is going to gigapump in the next few years and they want their piece

>>50810018
TAXATION IS THEFT CHANGE MY MIND
Protip: you literaly can't

>>50810018
Crypto should be more than just taxable event. It should be a punishable event. By death. Parasites

>>50810153
Why bother? Lolspergs are too retarded to ever want on your side anyway

>>50810018
what does she really say in the original

As soon as I made it the very first thing I did was leave the US and renounce my citizenship, fuck that kike shithole

>>50810082
That's not how a taxable event works you dumb retarded faggot

>>50810082
Lets say I do have a bunch of Bitcoin that just materializes out of the ether. Can I just sell it, claim zero cost basis, and they'll not fuck with me?

>>50810018
Why does she have a goiter?

>>50810344
tight shirt, not her skin, I know it looks weird.

>>50810018
EZ
>BTC/SHITCOIN - 0.05% gain
>SHITCOIN/BTC - 5000000% gain
>BTC/USD - 0.0% gain

>>50810018
There's two sides to that coin. So I'm down after buying crypto at the beginning of the year. Traded that for Bitcoin. Now I have a loss on the books that gives me a write off at the end of the year. People get into trouble when they sell an asset that's in the profit for another one that tanks, forgetting to set aside 20% for taxes. If you find yourself in this situation, then it's important to remember to sell the loss before the year end, that puts it on the books. So that loss washes out the profit and you won't owe taxes. After you sell, you can always buy back your assets immediately. It's called a wash sale, look it up.

>>50810207
low effort troll

>>50810018
Don't care; not paying.

>>50810018
what does she say in the original video?

>>50810451
That’s just a complicated and gay rule. I need something easier like 1. set up a church. 2. Donate all my stinky bucks and peepee coins to my church tax free

>>50810018
Not where I live. Get fucked, burgers.

>>50810018
>Taxes
>No public hospitals / health for their people

Why we even consider this a country?

>>50810684
There’s plenty of free healthcare and other free stuff just not for white people.

>>50810338
Sure claim it was a gift or you "found it" on a flash.

>>50810338
that's how coinledger and koinly interpret it.
if you don't have records on the buy then the first transfer takes a full cap gains hit. and then every time coinledger and koinly looses track of your transfers then you take another cap gains hit; which is frequently.

coins that appear from the ether are "income" from trading and are hit with cap gains

it's more the tax software that's fucked than anything. it sounds like it's exactly what it should be rule wise.

>>50810338
probably is this simple, unless there are other red flags on your tax forms that may indicate you are involved in financial crimes or money laundering etc. but I'm not a tax attorney or accountant so idk, as long as they get their cut and you aren't an actual criminal it shouldn't matter though

>>50810947
That’s why you don’t use koinly or bittax and just do it all manually.

>>50810018
anyone got the normal version of this without the gay glownigger captions? I want to make a new version with a caption of “only cuckolds and goy cattle pay crypto to crypto tax”

>>50810018
As it should be

>>50810018
Each and every staking reward is taxable event. Enjoy keeping track if your cost basis.

>>50810153
Yes, it's theft, and so what?

>muh right to my property

Rights don't exist.

There is nothing intrinsically unhealthy about "theft".

>>50810018
does taxman accept monero?

>>50810957
i guarantee you atleast half of people filing taxes and probably 99% don't have full records and are going to pay cap gains on half their assets for it.

crypto doesn't encourage you to keep records.

and you can't just claim a wallet address on your taxes you actually have to have the private key.
so if your recycling hot wallets not because your trying to do anything fishy; but because smartcontracts are 99% scams and you want a fresh wallet without it being approved in 9000 places...

you better still have those private keys or your getting hit with cap gains on every transfer

this is where the "get hit with cap gains 500 times on the same bag" and
>investment: $100
>transfers: 500
>cap gains tax bill $4000

>>50810153
Americans are morons
I swear it

>>50810451
aren't wash trades illegal though lol

>>50810684
This isn't a country. This is a judeocracy, a former nation occupied by talmudo-tyrants where the supposed "citizens" are nothing more than prisoners in temporary suspension of sentence as long as they pay 50% of their income in various taxes.

these threads are the best signal before a pump.

>>50811077
Wtf? You don't have to provide wallet addresses for tax purposes. It's not that complicated at all, just know how much money you invested and whether or not the portion you cash out is profit or loss. Build a spreadsheet and make your life easier.

>>50810034
?
Isn’t some bitch facing jail time for tax evasion in Spain. The fuck are you even talking about lol

>>50811144
But hey, let's be fair with the burgers.
You did a resume of the world.

World Bros, honestly... When we gonna be free?

>>50810018
not for me, I don't live in the US so fuck you. In fact I pay 0 taxes on crypto and cash out right to my bank account, no issues.

>>50812433
What country?

>>50811124
Not in crypto

>>50810034
>>50810034
*only poors gets jailed for tax evasion outside US

>>50810018

>>50810018
This cunt is like you: a born slave.

Captcha: 8RMS0Y

>>50810018
don't talk with your mouth full