Be sure to pay your taxes!

[Anonymous No.10660768]

Daily reminder that everytime you "Tethered Up" that is a crypto to crypto capitals gains tax for us citizens of the mighty U.S of A. I hope you have all have been keeping an accurate log of your transactions.

Although I'm also sure the bulk of you will be reporting at a loss this year, so at least you'll get some deductions!

[Anonymous No.10660780]

>>10660768

didn't send any info to binance, not reporting, nice try FBI fuck off pig

[Anonymous No.10660795]

>>10660780

Doesn't matter. It's your responsibility to accurately log and report your capital gains tax. Those NEETs need your taxes!

[Anonymous No.10661031]

>>10660795

MOLAN LABE

[Anonymous No.10661056]

>>10660768
Never move fiat out, only move it in. Problem solved and you will be rich when the local corrupt governments inevitably fold.

[Anonymous No.10661348]

>signing up to an exchange with your real id
>buying crypto with your real id
>not just mining your own crypto to trade
>giving your real id away on the internet

If you did any of these things, you're retarded

[Anonymous No.10661362]

>>10660768
you cant deduct capital loss

[Anonymous No.10661375]

Never gonna pay taxes
HahahahahhahahHah

[Anonymous No.10661395]

What capital gains do u incur tethering? U dont therefore you dont pay tax

[Anonymous No.10661413]

>>10661395
Google crypto to crypto tax. It's a taxable event.

[Anonymous No.10661479]

>>10661395
All trades are a taxable event.
ALL TRADES ARE A TAXABLE EVENT.

[Anonymous No.10661488]

>>10661362
PAY
A
Y

YOUR
O
U
R

TAXES
A
X
E
S

" your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately."

[Anonymous No.10661526]

>>10661488
I find it so funny when there is even numbers in legislation. Like the minimum wage. Motherfuckers don't even admit to inflation or try to account for it.

[Anonymous No.10661555]

Binance > Monero > Random chink exchange > Monero > Kraken > Fiat

[Anonymous No.10661731]

>>10661555

>Gee anon, it says here you have a $50,000 deposit from Kraken. Care to explain how you your initial $1000 deposit to Binance turned into that $50,000?

There are literally people on this board right now who think they're smarter than the IRS and people with Ph.D's in accounting.

[Anonymous No.10661799]

>>10661731
This. They are gonna get rekt

[Anonymous No.10661877]

I'm 33, I've never filed taxes, I don't even know how you do that. I'm sure my time will come, but I'm not going to start asking questions now.

[Anonymous No.10661881]

>>10661799

Just gotta dab on them when they get audited!

[Anonymous No.10661902]

>>10661877

That's sad that you don't know how to perform a basic function of a grown fully functioning adult.

I will do a dab for you when you get audited and hit with 15 years of back taxes. Hope you can afford a good tax attorney!

[Anonymous No.10662384]

Who will pay for Shaneequa's litter you greedy incel

[Anonymous No.10662649]

>>10661413
>>10661479
WHAT ARE THEY TAXING YOU ON MORON? DO YOU KNOW WHAT CAPITAL GAINS TAX IS? FUCKING RETARDS

[Anonymous No.10662672]

>>10662649
For every traide, you sold one crypto, therefore realized gains, on which you have to pay tax.

[Anonymous No.10662688]

>>10662649

First of all, why are you yelling?

Secondly, a Tether is a cryptocurrency, albeit it's backed by 1 USD, it is still a crypto. Trading your BTC to Tether (Crypto - Crypto) is a triggering event.

I buy Bitcoin at 5,000. It goes to 8,000. Profit of 3,000. I foresee a dip and trade that BTC now worth 8,000 to USDT. That is a triggering event in which that 3,000 in profit is now liable for a capital gains on that 3,000.

Not that hard to comprehend you stupid fucking autistic imbecile. I dab on you.

[Anonymous No.10662830]

>>10661877
wait what? You just never did your taxes? So when the IRS finally emails you, you're telling me that you'll be able to sell of most of your stuff into crypto, move to a different country and you'll have gotten away with never paying American taxes? If I plan on leaving the US is it better to just say fuck it and not report anythign?

[Anonymous No.10662864]

Seriously how the fuck does US taxes make any sense.

If you buy and sell $10,000 of crypto 100 times, you still have $10,000... But does it count as $1million of transaction and therefore tax? Wtf

[Anonymous No.10662887]

>>10662864
of course not, you pay tax on realized gains only, but generally you trade to sell something that has increased in value, and THAT is something you have to tax your gains on

[Anonymous No.10662892]

>>10662864
it makes perfect sense, you are just a brainlet.

1mil of transactions doesnt mean jack shit in this context. if you made 100 transactions, with your whole stack that managed to stay at solid 10 000 usd through all those 100 transactions, you haven't made or lose a dime -> no taxes

[Anonymous No.10662924]

>>10661488
Checked, mein Führer

[Anonymous No.10662994]

>>10662864
You’re taxed on gains. If you trade 1000 times but at the end of the year, your 10k is 15k, then you pay tax on the gains, 5k.

[Anonymous No.10663100]

I just Bitcoin.tax and enter my info and then I include it. I already paid my 2017 taxes and yes in 2018 I'm at a loss like almost everyone in crypto.

[Anonymous No.10663165]

>2018
>capital gains
lel

[Anonymous No.10663192]

>>10660768
It's alright, I live in Switzerland. I don't pay taxes on capital gains anyway.

[Anonymous No.10663207]

Sage advice unless you want to go to prison and get raped.

[Anonymous No.10663210]

>all these crypto kids getting ass fucked by the taxman
>Lmao what are taxes xddd

[Anonymous No.10663234]

>>10661799
>rekt
More like raped, by bubba

[Anonymous No.10663236]

>>10662688
Im back down to my initial investment so everything iv done has been canceled out. im killing myself anyway so it doesn't matter.

[Anonymous No.10663294]

Pay up slaves.
I mean citizens. Your countrymen pablo and tyrone need your money. And those women in hr.

[Anonymous No.10663320]

>>10661348
>not just mining....

Okay and how much have you mined? And if it's actually any sort of serious amount how much did you spend on equipment and electricity? And how much are your mined coins worth now?

[Anonymous No.10663354]

>>10660795
>tfw NEETs will pay the NEET tax with crypto
FeelsGoodMan

[Anonymous No.10663383]

>>10663354

This,

Pay up NEETies

[Anonymous No.10663458]

when did crypto to crypto start 2018 right because that wasn't a rule until late 2017

[Anonymous No.10663613]

>>10661479
only gains you retard, loses can be deducted from gains