[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 6 KB, 224x225, images.jpg [View same] [iqdb] [saucenao] [google]

13631305

>Crypto to crypto is a taxable event Anonymous Mon May 13 15:22:20 2019 No.13631305 [Reply] [Original]

>>	Anonymous Mon May 13 15:23:58 2019 No.13631329 it's going to be 2044 before burgers actually try to write real bryptoburrency laws

>>	Anonymous Mon May 13 15:29:16 2019 No.13631414 >>13631305 imagine selling before end of 2021

>>	Anonymous Mon May 13 15:33:35 2019 No.13631475 File: 279 KB, 300x577, 170.gif [View same] [iqdb] [saucenao] [google] >>13631305 >holding crypto for a year makes it taxfree

>>	Anonymous Mon May 13 15:35:35 2019 No.13631506 nice try k*kes

>>	Anonymous Mon May 13 15:40:29 2019 No.13631575 https://www.congress.gov/bill/115th-congress/house-bill/7356/text you are now aware that this bill currently circulating in the house would provide retroactive immunity from Jan 1 2017 for filing crypto trades.

>>	Anonymous Mon May 13 15:41:20 2019 No.13631589 >>13631305 >buy crypto with fiat >it raises 50% >sell it for a stablecoin - taxed 50%, take home 25% >stablecoin doesn't move >sell it for fiat - taxed ????

>>	Anonymous Mon May 13 15:41:26 2019 No.13631591 >thinking they can track years and years of worthless shitcoin trades among thousands of people

>>	Anonymous Mon May 13 15:41:39 2019 No.13631593 >>13631575 and makes crypto to crypto a deferred gain, essentially how it was in 2017, only paying taxes on what is cashed out

>>	Anonymous Mon May 13 15:49:15 2019 No.13631700 >>13631591 even if you wanted, it's impossible to report due all the dead exchanges, forks, giveaway shitcoins like byteball etc

>>	Anonymous Mon May 13 15:52:53 2019 No.13631766 >>13631575 wiat wahtthe fuck does that mean i get my taxes back for being a good boy

>>	Anonymous Mon May 13 16:27:00 2019 No.13632308 >>13631766 yes, it would mean that if you paid USD taxes on coin to coin trade profits, you would file an amended return and get those back

>>	Anonymous Mon May 13 16:28:53 2019 No.13632336 >>13631766 >implying the gov't would give you back ANY money lmao get real burgers

>>	Anonymous Mon May 13 16:29:16 2019 No.13632347 >>13631305 If you report crypto to crypto trades, you are retarded

>>	Anonymous Mon May 13 16:30:01 2019 No.13632360 >>13631305 Ok, I guess I'll have to pay the gov with the shitcoins I was trading then

>>	Anonymous Mon May 13 16:31:30 2019 No.13632382 >paying taxes for Monopoly money Fuck that

>>	Anonymous Mon May 13 16:34:49 2019 No.13632422 File: 138 KB, 1200x900, 1515347755726_b.jpg [View same] [iqdb] [saucenao] [google] >>13631305 Your regularly scheduled reminder that only your gains are taxed, and losses in the same tax period cancel it out.

>>	Anonymous Mon May 13 16:47:20 2019 No.13632597 File: 2.88 MB, 296x249, 1532377511605.gif [View same] [iqdb] [saucenao] [google] >>13631305 >actually paying taxes never gonna make it lmao

>>	Anonymous Mon May 13 16:50:04 2019 No.13632637 >>13631589 You wouldn't pay taxes on the sell to fiat because you already paid taxes on the trade to the stablecoin, and there was no gain or loss since then.