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27444702 No.27444702 [Reply] [Original]

You WILL report every single crypto-crypto trade you make.
You WILL report every single airdrop you receive.
You WILL report your earnings from staking rewards.

Don't mess with Uncle Sam, frens. Be a good boy and let him have his fair share.

>> No.27445232
File: 8 KB, 286x316, 132b20bbc7513bc940e0f85f8b826c3b59f8d987c01302349b9bc1c6772ea5bc.jpg [View same] [iqdb] [saucenao] [google]
27445232

>>27444702
Turbo tax told me I only had to report crypto->fiat transfers, which is 0. Skipped the whole section. Will I get audited boys?

>> No.27445403
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27445403

>>27444702
>mfw the IRS kikes want us to report the UNI airdrop as income and then take away 1/3rd of it

haha NO

>> No.27446248

>>27445232
What is an audit, anyway? If they audit me and find that I need to pay some taxes that I didn't pay, I just pay them and that's it right? Maybe a fine at worst?

>> No.27446329
File: 227 KB, 1120x420, swing traders kek.png [View same] [iqdb] [saucenao] [google]
27446329

>>27445232

>> No.27446393

>>27446248
if u dont have the money you go to jail

>> No.27446424
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27446424

>>27446329
>IRS considers crypto to be property rather than currency
>still refers to them as 'virtual currency'
honk honk

>> No.27446529

>>27444702
Every single trade results in insane fees already - so wouldn't every trade result in a capital loss meaning ability to claim from the IRS?

>> No.27446770

>>27446393
been there, got in best shape of my life and banged a dif girl every night when I got out.
7/10 would do again.
except if it happened now I'd come out with a shitload of gains from forced hodl.
you're basically in prison now anyways, you just have internet.

>> No.27446774

>>27444702
What's taxes?

>> No.27446816
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27446816

>>27446329
Even the shitcoin erc20 metamask exchanges?? No way they go that deep, right...

>> No.27446960

>>27446424
The laws around crypto are retarded and only made to stop your from making it.

>> No.27447199

>>27446816
Just do all your shitcoin flipping away from KYC'd exchanges and you'll be fine. Anyone who's done 20k worth of shitcoin flipping on coinbase, for example, is fucked, because they send tax info on that over to the IRS.

And even if they actually bothered to autistically delve into the blockchain and try to piece together your shitcoin swaps themselves, worst case scenario you just claim ignorance and pay them anyway with some extra fees. Whatever. The risk of that happening is minuscule anyway.