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/biz/ - Business & Finance

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TAXES Anonymous Wed Dec 19 06:51:22 2018 No.12163618 [Reply] [Original]

I'm canadian. Some of my transactions were done on defunct exchanges or on exchanges that I can no longer retrieve my transaction history from. Should I just file based on what I actually cashed out to my bank account? It's not like the CRA has any ability to verify this shit but I'm worried that reporting anything crypto related at all will make them look into my shit and demand records and stuff.

>>	Anonymous Wed Dec 19 06:55:12 2018 No.12163644 this is a retarded question

>>	Anonymous Wed Dec 19 06:55:42 2018 No.12163653 >>12163618 What place is that? 5 girls in the video all dressed the same, not only the two strippers, but also the three passerbys in the back.

>>	Anonymous Wed Dec 19 06:56:44 2018 No.12163665 >>12163618 >defunct exchanges >report Goddamn, are you stupid? Who are they going to ask for records?

>>	Anonymous Wed Dec 19 06:58:11 2018 No.12163672 >>12163665 I withdrew money to my bank account and this will be reported to the CRA.

>>	Anonymous Wed Dec 19 06:59:22 2018 No.12163682 >>12163653 Buenos Aires

>>	Anonymous Wed Dec 19 07:03:59 2018 No.12163706 ok fag. The in and out is obviously permanent record in muh blockchain. The goings on inside defunct exchange literally do not matter unless you were chasing them for exit scamming.

Anonymous Wed Dec 19 07:08:21 2018 No.12163753

>>12163706
Listen fuckbrain, crypto to crypto trades are all taxable events, and the only way for me to account for the pile of money in my bank account is via those trades which I have no way to accurately report. I have records for some of my trades but not all.

>>	Anonymous Wed Dec 19 07:17:23 2018 No.12163821 >>12163672 I just tell tax-people I'm addicted to drugs and alcohol, they only look at the totals here

>>	Anonymous Wed Dec 19 07:20:14 2018 No.12163842 who is the girl

>>	Anonymous Wed Dec 19 07:29:41 2018 No.12163918 >>12163753 >He wants to cash out Why tho? Keep it in DAI, get a crypto debit card & buy shit off the DNMs where possible.

>>	Anonymous Wed Dec 19 07:31:07 2018 No.12163934 >>12163918 I already cashed out

>>	Anonymous Wed Dec 19 07:55:48 2018 No.12164106 >>12163934 So buy back in before taxes are due. It's that simple, they don't check individual transactions. Just your final totals, a couple of days before the end of the year.

>>	Anonymous Wed Dec 19 08:11:33 2018 No.12164253 >>12163618 Pretty sure as a Canadian you only worry about Fiat-crypto trades, nothing in-between So all you would need is your records for buying in, and for selling back to fiat. If you think I am wrong please provide some sort of proof

>>	Anonymous Wed Dec 19 08:20:06 2018 No.12164323 >>12163618 She cant lve dat ass for shit

Anonymous Wed Dec 19 08:24:43 2018 No.12164374

This is why I hate the CRA, they don't give clear cut info, so everyone can't figure this shit out easily. And they expect everyone to report transactions accordingly. Fucking hell they should just go by how you've cashed out on top off other income and tax you that way. But no they gotta go by barter transactions for Fucks sake.

>>	Anonymous Wed Dec 19 08:36:15 2018 No.12164470 source?

>>	Anonymous Wed Dec 19 08:55:24 2018 No.12164628 >>12163753 stop being such a pathetic faggot and figure your own shit out

>>	Anonymous Wed Dec 19 08:58:16 2018 No.12164655 >>12163753 so according to your own logic you're completely fucked... what more do you want to know?

>>	Anonymous Wed Dec 19 09:02:15 2018 No.12164689 Canada's are cucks. If they press you tell them to stop victim shaming you or you'll go to the press!

>>	Anonymous Wed Dec 19 09:03:22 2018 No.12164699 >>12164374 Crypto tocrypto is a like like transaction in muh americuh prior to Jan 2018

>>	Anonymous Wed Dec 19 09:31:05 2018 No.12164898 fuck, i need sauce, these kind of bodies always get me.

>>	Anonymous Wed Dec 19 09:38:56 2018 No.12164946 >>12163618 I can help you transfer that money to an overseas bank account then back to your leaf account as revenue earned abroad.

>>	Anonymous Wed Dec 19 09:39:55 2018 No.12164958 >>12163618 Auditor here, We got an app this year we just enter a wallet id and it reports transactions for us. You can buy the app from KPMG for 498.99 if that will help you

>>	Anonymous Wed Dec 19 09:43:15 2018 No.12164981 >>12164958 I can smell the Pajeet scam from here.

>>	Anonymous Wed Dec 19 09:59:10 2018 No.12165109 >>12164981 what you mean kind sir

>>	Anonymous Wed Dec 19 10:02:26 2018 No.12165126 >>12163618 is that the bottom?

>>	Peter !cSYYOR8z8w Wed Dec 19 10:05:41 2018 No.12165157 >>12163618 Do you have to be able to prove it aye? Onus of proof on you? I'm wondering is all.

>>	Anonymous Wed Dec 19 10:06:36 2018 No.12165168 >>12164958 If this is not a larp, how do you know who it is? Transfer X into exchange wallet Y Do transactions transfer to wallet Z...

>>	Anonymous Wed Dec 19 10:27:30 2018 No.12165354 >>12163653 i can confirm Argentina women are fucking based and usually trad if u get the country girls. Also, super wifeable and love American cock.

>>	Anonymous Wed Dec 19 10:30:37 2018 No.12165374 >>12163618 disgusting thot

Anonymous Wed Dec 19 10:37:14 2018 No.12165410

I'm Canadian and day trade crypto so I just file everything as business income.
Started this year with $100k and will end with about $150k, so I'm filing $50k in business income. Then I also bought a threadripper quad crossfire vega 64 rig for monero mining that will be a business expense deductible from the tax owed on the $50k. If I get audited I'll send the CRA the trade history csvs from the dozens of exchanges I used and they can have fun piecing that all together

>>	Anonymous Wed Dec 19 10:38:24 2018 No.12165426 >>12164898 yes comeon

>>	Anonymous Wed Dec 19 11:01:30 2018 No.12165643 >>12165168 they absolutely cannot. don't be such a brainlet.

>>	Anonymous Wed Dec 19 11:04:11 2018 No.12165656 Why do people ask for sauce? To jerk off? Not gonna make it srs..

>>	Anonymous Wed Dec 19 11:04:52 2018 No.12165661 >>12163842 Random argie thot >>12164898 Start following argie thots on instagram and you might come across after a while

>>	Anonymous Wed Dec 19 11:05:33 2018 No.12165666 >>12165410 Cuck

>>	Anonymous Wed Dec 19 11:30:41 2018 No.12165951 >>12163618 The lordosis is real

>>	Anonymous Wed Dec 19 11:35:17 2018 No.12166011 >>12165126 it's a bottom, yes

Anonymous Wed Dec 19 11:47:21 2018 No.12166157
File: 24 KB, 402x193, e97a3216bd659b83e2238a30394332c5.jpg [View same] [iqdb] [saucenao] [google]

>>12163618
You add up your capital gains. e.g. you put $1000 in at beginning of 2017 and when you cashed out it was worth $4000, you pay 50% of the difference at your tax rate, because it gets added to your yearly income. The highest tax rate possible is when you make over $205,000 and it's 33%.

>>	Anonymous Wed Dec 19 11:57:22 2018 No.12166276 >>12166157 No, the problem is that every crypto to crypto trade is a taxable event. You can’t just use the final total you cashed out to dollars.

>>	Anonymous Wed Dec 19 11:57:53 2018 No.12166283 >>12165666 a chunk of rent, electricity, internet, cell phone, furniture, etc. etc. are also deductible business expenses so at the end of the day I pay hardly anything in tax

>>	Anonymous Wed Dec 19 12:00:47 2018 No.12166310 >>12163618 There's something terribly wrong with her pelvis

>>	Anonymous Wed Dec 19 12:03:14 2018 No.12166341 >>12166276 Report it that way. Unless you're talking 6 or 7 figures in gains then they're not going to give a shit. They're under staffed and have bigger fish to fry

>>	Anonymous Wed Dec 19 12:04:18 2018 No.12166347 imagine the smell

>>	Anonymous Wed Dec 19 12:04:45 2018 No.12166352 File: 103 KB, 754x1158, 1543277723754.jpg [View same] [iqdb] [saucenao] [google] >>12163618 >I'm canadian My condolences. RIP in peace.

>>	Anonymous Wed Dec 19 12:06:45 2018 No.12166382 File: 29 KB, 657x527, 1515083987679.png [View same] [iqdb] [saucenao] [google] >>12163618 Mfw women break their own backs just to appear to have an ass

>>	Anonymous Wed Dec 19 12:06:54 2018 No.12166385 >>12166310 too much nigger dick

>>	Anonymous Wed Dec 19 12:26:42 2018 No.12166635 bump for sauce

>>	Anonymous Wed Dec 19 13:05:04 2018 No.12167048 >>12166635 https://www.instagram.com/yuslopez/?hl=en

>>	Anonymous Wed Dec 19 13:06:30 2018 No.12167058 >>12167048 >https://www.instagram.com/yuslopez/?hl=en Her fake titties ruin it

>>	Anonymous Wed Dec 19 13:11:30 2018 No.12167119 >>12167058 She's my favorite thot

>>	Anonymous Wed Dec 19 13:24:30 2018 No.12167284 >>12165354 >Argentina ugh all spics need to be purged

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