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13108130 No.13108130 [Reply] [Original]

How bad are crypto taxes? Is it even worth getting back into crypto now or are the taxes gonna eat up any potential profits?

>> No.13108149

>>13108130

>paying taxes

the fuck?

just keep it all in a stable coin, and only take out as much as you need. problemo, solvedo

>> No.13108158

kek its that time of year again IRS shills are back boys

>> No.13108167
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13108167

>>13108130
>be me
>move to Germany
>go all in link q4 2017-q3 2018
>forced hold due to current meme status
>mfw no tax after 1 year hold on crypto
>mfw get to cash my 100k+ stack out COMPLETELY TAX FREE

>> No.13108171

>>13108130
How can we give you an informative answer if you don't tell us what jurisdiction you live in? Retard.

>> No.13108200

>>13108171
goymoney & bongland

>> No.13108767

>>13108149
What is the best stablecoin? Is Monero a good bet?

>> No.13108781

Unironically doing my taxes right now. Just going to use TurboTax and then buy a service like bitcoin tax or something that will let me do it automatically

>> No.13108819

>>13108767
Monero is a great coin but it has nothing to do with the "stable coins" that guy is talking about (USDT, etc) which means crypto pinned to USD or EUR. Assume that every single exchange dealing with cash-out transactions from BTC to USD/EUR/GBP is completely cucked by whatever provincial goverment it does its own banking with.

>> No.13108865

>>13108167
based and gérardpilled

>> No.13108885

>>13108130
If I had sold the peak in 2017 I'd have 15k after taxes. Instead I HODLed to below initial investment and only recently went back over it.

>> No.13108899

>>13108130
>thinking underfunded IRS cagiewagies have the time and money to investigate anyone under 1mm net worth, or the balls to investigate anyone over 10 mm net worth.

Are you retarded? Why are you afraid? The IRS is literally crumbling down, they are so underfunded. They can't do anything. For them it would only be worth investigating people in the 1 million to 10 million window. Anything above or below and they just won't touch you. Don't pay your taxes.
I mean, this is post is a meme. PAY YOUR TAXES YOU FUCKING BAD GOYS. STOP DISCUSSING YOUR TAXES AND JUST PAY THEM. IT'S NOT OKAY TO NOT PAY TAXES. PAY YOUR TAXES.

>> No.13109921

>>13108130
If you've cashed out anything to the bank, you need to do your taxes. Even if the chance of an audit is low, you wouldn't want to risk it.

>> No.13109935

I paid my good goy tax because I got to write off my losses.

If I had profit the IRS wants 15%....bitcoin atm wants 17.5% so the IRS unironically is cheaper.

>> No.13110267

>>13108130
TA fags never consider taxes. Odds are they're in the negative with the thousands upon thousands of taxable events they incur throughout the year.

>> No.13110335

>>13109935
so say you profit 500k from a moon. How to you dodge the IRS thieves radar? brainlet here

>> No.13110349

>>13110335
you arent on their radar until you cash out and receive a massive lump of money. dont be a fucking brainlet.