Your Chainlink Stack is about to be reduced by 1/3rd due to the ETH 2.0 swap, here's why....

[Anonymous No.24572152]

As you all know Ethereum is moving over to the Ethereum 2.0 blockchain. After this is complete, people who hold ETH 1.0 tokens will need to Swap them
with ETH 2.0 tokens.
This "Swap" is a Taxable event.

"Okay, well fuck Ethereum and vitalik, I hold chainlink so why should i give a fuck?"

Chainlink is an ERC-20 token, Anon. An ETH riding baby back bitch boy.

For your Chainlink tokens to remain viable and relevant you will have to swap your Chainlink ERC-20 tokens over for the new ETH 2.0 Chainlink tokens.
This "Swap" is a taxable event.
With short term capital gains tax at 33%, you can say goodbye to 1/3 of your stinkies to cover taxes.

Nothing personal, Cornpop, but Uncle Sam needs his cut.


I'm selling my whole stack now before the rest of the marines realize this, causing a massive sell off.
See you all at $2.

[Anonymous No.24572178]

Weak FUD

[Anonymous No.24572212]

>mfw my link stack is held in my offshore trust that is incorporated in the Caymen Islands so I am taxed 0% on buying and selling crypto

[Anonymous No.24572235]

>>24572152
>didnt sell at $20

[Anonymous No.24572353]

Weakest fud dear pajeet

[Anonymous No.24572357]

>>24572152
kek imagine being a poo and not understanding capital gains is only on the GAINS.

[Anonymous No.24572395]

chainlink is a blockchain

[Anonymous No.24572426]

>>24572357
When you swap a token for a token this a taxable event at that point you have to pay taxes on the gains from when you originally invested in chainlink.

We will all have to swap our chainlink stacks over to the new Eth blockchain.

The tax man cometh for us all.

[Anonymous No.24572514]

>>24572426
Not in europe

[Anonymous No.24572580]

>>24572514
And every morning I thank Allah for that.

[Anonymous No.24572587]

So when bank software updates thats a taxable event?

[Anonymous No.24572609]

>>24572426
>swap erc-20 token that is worth 13.50 for erc-50 token worth 13.50
what gains? fucking retard

[Anonymous No.24572664]

>>24572514
yes in all of Schengen, where do you live albania or what?

[Anonymous No.24572675]

>>24572152
this is the weirdest fud ive ever seen, none of this is true.

[Anonymous No.24572681]

>>24572664
>2020
>not living in Albania and fucking donkeys
ngmi

[Anonymous No.24572687]

>>24572152
Lmao you retard

[Anonymous No.24572704]

>>24572609
if you bought it for $3.50 you will need to tax on the gains, i.e 33% of $10. That's $3.33 tax per token for you brainlets

[Anonymous No.24572742]

>>24572664
Where I love the only taxable events are Crypto ->Fiat If the sum of your crypto -> fiat operations > the sum of your fiat -> Crypto + 305

[Anonymous No.24572747]

>>24572152
FUCK BROS!

THE LINK FUD HAS BEEN APPROACHING SPRING/SUMMER LEVELS!

CAN YOU FEEL IT TOO?

YOU KNOW WHAT THIS MEANS.

MASSIVE PUMP INCOMING!!!!!!!!!!

[Anonymous No.24572748]

>>24572681
>not living in an albanian bunker with your 14 wifes (donkeys) and absurd amount of mountain weed (really bush brick weed).
lmao at u loosers

[Anonymous No.24572759]

>>24572178
>>24572353
>>24572675

>All these anons crying "fud".
>Not one actually proving why any of what i said is incorrect or wrong.

cope.

>>24572704
Correct.
They don't fully understand yet. but they will soon enough.
the tax man cometh for us all.
see you all at $2.

[Anonymous No.24572768]

>>24572152
"According to Coinbase you sold your Chainlink for Chainlink."

No, that's ridiculous.

"Well it does seem to be a mistake. Your taxes are done. Have a good day sir. Oh by the way, I noticed you have a rather large bulge, would you be interested in fucking my wife?"

Why yes, I'd be happy to assist you with that endeavor my good man.

[Anonymous No.24572769]

>>24572609
The gains are based on the price when you originally purchased the coin vs where you sold it. If there’s a dip and the transfers happens when it’s less than you paid, you can claim a loss. If it spikes in anticipation, though, fuck the IRS. This really should be a like-kind exchange, like they were before 2018. Fucking politicians.

[Anonymous No.24572795]

taxes are only on GAINS, You'll be taxed anyways if you ever sell or exchange.

nothing changes, worst fud on the board rn no wonder nobody's paying attention to this

[Anonymous No.24572840]

>>24572152
but that's not how any of this works you fucking retard. Did you read the whitepaper?

[Anonymous No.24572854]

>>24572152
eth 1.0 will merge with eth 2.0 without any holders or traders having to do anything. every article says this. show me actual proof where it says otherwise.

[Anonymous No.24572864]

>>24572152
This is by far the dumbest shit ever OP.

[Anonymous No.24572890]

>>24572795
When you are forced to swap your chainlink from Eth 1.0 to the chainlink on eth 2.0 you will have to pay the capital gains tax.
Swapping one crypto for another is a taxable event and you will have to pay the capital gains tax from when you originally bought Chainlink.

It's real simple anon.

https://www.forbes.com/sites/shehanchandrasekera/2019/12/19/how-cryptocurrency-swaps-are-taxed/?sh=55e3258b6f56

[Anonymous No.24573027]

Imagine believing this. Reinvesting anything you haven’t cashed out is not a taxable event, nor traceable through wallets. You are correct about one thing, the tax man is definitely coming for our coins, but we decide when to cash out. Unless you move to another country like Portugal.

[Anonymous No.24573034]

Sergey is dumping. It’ll lower the price and tax impact by the time you need to switch. That’s like two years our.

[Anonymous No.24573078]

Who cares

I am not American ... all that shit wont apply to me

[Anonymous No.24573088]

Chainstink is coming out with new 2020 AIR LINKs? Fuck those is funna be fresh AF. How do I join the raffle?

[Anonymous No.24573102]

>>24572152
Joke's on you, I bought at $19 so it'll be a capital loss. The IRS will pay ME money instead of the other way around. Checkmate, taxfags.

[Anonymous No.24573136]

>>24572152
This is the same as moving my stocks from robinhood from some other brokerage

[Anonymous No.24573143]

>>24573027
>Reinvesting anything you haven’t cashed out is not a taxable event
simply fake and gay. All crypto to crypto is a taxable event.

[Anonymous No.24573148]

oh no No NO NOOO

aaaaAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.24573155]

>>24572152
i once held vechain (lol) and the token swap to vethor did not create a taxable event, and I had assistance from CPA's.

[Anonymous No.24573165]

This fud is yikes and cringe. Have sex incel

[Anonymous No.24573166]

>>24572759
you're implying theres gonna be a "chainlink 2" and there isnt.

[Anonymous No.24573168]

>>24573027
Wrong.
Read it and weep, anon.

"Trading cryptocurrency to cryptocurrency is a taxable event (you have to calculate the fair market value in USD at the time of the trade)"

https://cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes

[Danvi No.24573188]

Oчeнь хopoший caйт для зapaбaтывaния! Coвeтyю.

[Anonymous No.24573225]

>>24572152
This is good FUD desu and is true for US anons but only if the gov hasn't clarified these details in the next two to three years which is at least how long the change you are noting will take

[Anonymous No.24573277]

>>24573166
You are correct, there isn't going to be a chainlink 2. That's not what im saying here.

There is just going to be Chainlink on the New Ethereum 2.0 blockchain and to get that Chainlink on the new Ethereum 2.0 blockchain you have to swap to it from the Chainlink on the old Ethereum 1.0 blockchain.

That swap is a Cryptocurrency to cryptocurrency trade. A taxable event. Even though you're literally swapping chainlink for chainlink it is still a cryptocurrency to cryptocurrency trade. So it is still a taxable event.

Believe me i don't like this anymore than anybody else here, but it is what it is.

The tax man cometh for us all and there is nothing we can do to stop it.

[Anonymous No.24573402]

>>24573168
>Trading

there's that word again

[Anonymous No.24573422]

>>24573277
>you have to swap

make me

[Anonymous No.24573472]

>>24573422
You can continue to hold your chainlink tokens on the old ethereum 1.0 blockchain. But they will be completely useless and eventually ethereum 1.0 will stop being mined completely because all the miners will move over to ethereum 2.0 so your chainlink willl be stuck there on the eth 1.0 blockchain...forever. unable to be moved, transferred, sold, or staked.

[Anonymous No.24573519]

>>24573277
if chainlink switches, it wouldnt effect existing chainlink holders, it would be on chainlinks side. If they wanted to split the coin between the two networks, then there would be an airdrop. glad you got filtered and sold tho.

[Anonymous No.24573538]

>>24572152
the plain truth is anon, even if crypto to crypto is taxable most anons here don't pay tax anyway
There is no way for govs to enforce this, they cannot keep track of all crypto swaps and addresses. All they monitor is the Coinbase exchange and some others to see if anyone cashes out more than 10k or so.

In fact, all those anons who deposited LINK on Aave should also pay since that is actually a swap to aLink tokens. But no one pays that shit.

Not me of course I don't even hold crypto.

[Anonymous No.24573549]

>>24573168
>Read it and weep, anon.
>"Trading cryptocurrency to cryptocurrency is a taxable event (you have to calculate the fair market value in USD at the time of the trade)"

[Anonymous No.24573555]

>>24573472
I imagine the only ones transferring to ETH2 will be anons who also used Aave, crypto active anons, and ETH2 strikes me as even riskier than Aave right now.

[Anonymous No.24573567]

>>24573277
I'm not sure if retarded or if you are trying to get spoonfed but any anon that is confused, you do not have to do anything with your linkies

[Anonymous No.24573597]

>>24572152

Not everyone lives in the united states of jewmerica

[Anonymous No.24573598]

>>24573472

Damn selling my link right now then

[Anonymous No.24573677]

If this were true (which it probably isnt) I would just say Chainlink on eth 1.0 = value $0, have a new cost basis, and take a huge capital loss

[Anonymous No.24573685]

>>24572152
>americucks get taxed on crypto-to-crypto transfers
this will NEVER not be hilarious

[Anonymous No.24573736]

>>24572152
The level of bait on this board is outrageous. So easily disregarded . So when every single mainet that began as an erc20 became live that was a taxable event ?

[Anonymous No.24573817]

>>24572759
All you're doing is highlighting the issue with legacy laws being applied to digital assets. The IRS doesnt know who does or doesnt hold chainlink. And I'm sure the vast majority of crypto holders already have outstanding taxes or ambiguous tax situations. Like is depositing link on aave taxable because you swap it for ALINK? Then ALINK TO YALINK is also taxable? Theres already so many instances of this that the ETH 2.0 swap isnt introducing anything new.

[Anonymous No.24573819]

You don't gain shit though because you don't make gains your brainlet.
Swap $10 for $10. Where gains?
Retard

[Anonymous No.24573875]

>>24572426
Yeah but if you swap a token for the same token there are no gains mongoloid. Jesus.

[Anonymous No.24573984]

>>24572152
Disclaimer: this post is informational only and is not meant as tax advice. For tax advice please speak with a tax professional.

[Anonymous No.24574215]

>>24572152
I got to give it to you nolinkers, you do come up with some imaginative FUD sometimes