/biz/ - Business & Finance

IRS just sold my debt to a private debit collector.
Can I go to a debtor's jail now?

*Blocks your path*

>>10577759

Nice try IRS

Looking to sell some of my crypto at a loss to offset some capital gains I have in stock for this year. Anyone know how reporting crypto on taxes works?

I bought ETH and lost some of it daytrading altcoins on Binance. I really don't want to have to report every transaction (there are an ungodly number), so I was planning on just selling it and reporting it as 1 transaction. Is this do-able, or will I get fucked by the IRS? Do I have to actually indicate that I sold less ETH than I originally bought, or can I just list it as $ in vs $ out?

>>9140736
Nice data mining thread! :^)

>>8856250
>Business pays itself instead of exchanging money
>Possible means IRS get less money
>IRS: oh he used REQ, pack it up boys, this is legit
How would this not be money laundering?

FREEZE!

YOU HAVE 10 SECONDS TO HAND ME OVER YOUR TRADES HISTORY ALONG WITH YOUR COST BASIS ANALYSIS OR I WILL SHOOT YOU!

What do?

Now that the market is plummeting, I'd like to give you all a friendly reminder.

If you sold your cryptos at any point, you HAVE been withholding an appropriate amount of currency (i.e., 35%) in cash or cash-equivalents so that you can pay taxes on crypto gains on your 2018 tax return?

Right? RIGHT?? Please don't tell me you didn't withhold...