/biz/ - Business & Finance

>>5363419
Why is /biz/ full of fucking Roy Moore ass niggers?

Can anyone answer me that?

hey guys, just a heads-up

i just booked a few high-class dutch whores for $10k each per day and they accepted ethereum as a down-payment and will accept it for full payment when i arrive, too. they said they prefer crypto to bank wires because there's less law involved. i can't give you exact info on the agency but they're a well-known and respected escort service. the crypto they were willing to accept is ETH, BTC, and XMR.

if you're planning a holiday ask the agencies/pimps if they will accept crypto

>>5160055
>Cockchain
kek

it bitcoin hits 20k and doesn't crash with no survivors then i am immediately buying litecoin. everyone will see the news and go on coinbase and decide to buy LTC or even ETH because it's cheaper and "has more room to grow"

>>5135319
>if you argue against me it's because no one love you
Cringe
>all you do is post on 4chan that's why I came on a saturday night to tell you
Cringe

>I've seen a lot of misinformation on how Cryptos are taxed and I wanted to clear the air for the LTC community. There's a lot of day traders that do not know this and are in for a rude awakening. This is for [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf)) in addition to [Schedule D on the 1040](https://www.irs.gov/pub/irs-pdf/f1040sd.pdf).).

>Currently, the [SEC treats cryptocurrencies as a property](https://turbotax.intuit.com/tax-tips/tax-payments/tax-tips-for-bitcoin-and-virtual-currency/L1ZOgU00q).). This means they are subject to capital gains tax. **Any time you make a trade, whether it be from crypto to crypto or crypto to FIAT, it is considered a taxable event. Even using crypto to purchase items counts as a taxable event**

>If you held the crypto less than a year before selling, it is subject to short term capital gain taxes. **Short Term capital gains are treated as ordinary income and thus are taxed at your tax bracket** The gains can even push you into the next tax bracket if you were close.

>For instance, say you held LTC for 9 months, sold it during a dip, and then bought back at a lower price. Not only is this considered a taxable event, you also lose the 9 months progress toward the long term capital gains status.

>[Long Term capital games are subject to different tax percentages](https://i.imgur.com/veDWSVf.png).). So if you had a stack sitting in cold storage for longer than a year and decided to sell them, you'd owe almost half as much in taxes.