/biz/ - Business & Finance

[Anonymous No.16270579]

You are planning to report all of your taxable events related to cryptocurrency, aren't you, anon? You wouldn't want to be a criminal would you?

[Anonymous No.16270622]

Not all. The Fed will get their share yes, but no way in hell am I getting taxed on shitcoin trades. I beat the casino's bots nigger, you don't get 40%, I'll give you 15% of gross and you'll like it because otherwise I'll lock them in a paper wallet and shoot myself so nobody gets it.

[Anonymous No.16270632]

No need I only ever lost money

[Anonymous No.16270684]

>>16270579
The US gvt is illegitimate.

[Anonymous No.16271086]

>>16270579
>tfw not a Mutt and crypto to crypto is not taxable

[Anonymous No.16271232]

>>16270579
over $20,000 in total transactions Coinbase will send a 1099-K to the IRS with your name and social and the IRS will be looking for it on your return, ask me how I know anon

[Anonymous No.16271261]

>>16271232
Is this gross or all trades? If I trade 19999 one time and trade another dollar later do I get pinged?

[Anonymous No.16272113]

I heard somewhere that the penalty for not reporting trades is up to $5,000, which seems like hardly anything if you're actually making money.

[Anonymous No.16272159]

Of course. I am extremely diligent in reporting every penny I make so it can be taxed and spent halfway around the world for our Israeli masters or at home on the worst of society :^)

[Anonymous No.16272186]

I'm not one of those 'taxation is theft" rubes, but in the case of cryptocurrency taxation is clearly being used as a pretext to gain leverage over people using spurious legal and technical reasoning the way that laws surrounding computer crimes have been used.

[Anonymous No.16272209]

>>16270579
No. No one knows what you're trading, so there's no point to report it.

[Anonymous No.16272549]

If I have report every trade

They’ll need to set up a new department just for me