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/biz/ - Business & Finance

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21402093 No.21402093 [Reply] [Original]

Let’s say I have a painting that I bought from some nobody artist for 1,000$

I have a friend who is rich and who loves the painting, and offers it to buy it off me for 100,000$

I say no, instead I want one of his paintings so we trade painting for painting.

Is the IRS now able to tax me on 99,000$ of capital gains?

What if my friend who I traded with values the painting that he traded to me at 1$? Am I now able to claim 999$ of capital loses?

Crypto taxes are the ultimate jewish scam, the only solution is if everyone refuses to pay them.

>> No.21402128

>>21402093
> Is the IRS now able to tax me on 99,000$ of capital gains?

yes if the paintings are valued.

>> No.21402161
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21402161

>>21402093

Never have never will pay the kike tax

>> No.21402212

Facts

If you make a coin-coin trade on December 31st worth 100 thousand US dollars of gains, you owe 30k in capital gains tax. Now if your new coin exit scams on January 1st, too bad you just get to write off 3000 of income on your taxes this year and you still owe us 30k from that December 31st trade

>> No.21402234
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21402234

>>21402161