/biz/ - Business & Finance

>>29852165
what's crypto?

yes, try yeild with these tokens that never make you income
GSX is yr way to secure rofit, how can you doubt that? if you want to be in time for moon, buy now

are you a gay? or perhaps a nigger
why you alway compliaing about your special toy or animals
boy am I glad with bot ocean, used for all needs
buy bot ocean to stop being a nigger today

>>29852165
not a burger dont care

>>29852165
every taxable event is a taxable event so you have to pay taxes on every taxable event, thus taxable events are taxes to be paid

clear

>>29852165
Nigga what crypto?

>>29852165
You mean like the Crypt Keeper from Tales from the Crypt?

>>29852165
>Estimate gains
>never been audited
As long as you give them something, they really dont want to go through thousands of transactions for hundreds of thousands individual. Go back faggot.

>>29852165
Not if I keep losing money, faggot

>>29852165
Oh you mean like onboarding all my fiat into crypto from 2012-2017 and not having to KYC for any exchange just an email. Yep i bet ((((they)))) will find out if I dont tell them.

Fuck out of here retard, you were too late to the game to be anonymous. A lot of us werent

>>29852726
Also making an attempt to pay will keep you away from getting royaly fucked as even if you where audited you can say you did your best. They will fix it for you and have you pay the difference unlikely to even get fined. Truth is irs has bigger fish to fry than the 500 bucks you have been trading all year.

>>29852165
It's be nice if those kike niggers would allow you to pay your taxable events using crypto. But I guess that would be too fair.

>>29852165
Honestly, if you're in the crypto game, you might as well just pay the $50 or $100 for a service like Koinly to just do your crypto taxes for you. Not worth the headache or the stress, especially if you're doing hundreds of swaps per year.

It doesn’t even make a difference because you can offset losses on the years capital gains, so you’re counting overall profit from the year anyway

>>29852165
>[end amount - start amount]*tax rate
this kills the tax cuck

>>29855031
This. In the US you are taxed on your profits. Of course it does not work out exactly, but basically if you turn a profit of 50 bucks over 5 trades with tax rate X then it doesn't really matter if you consider it discrete events and distribute.

>>29855357
Technically not, because of long term vs short term capital gains. But honestly fuck all that noise. The only thing I'll be reporting is my total fiat-to-crypto vs crypto-to-fiat and doing long term capital gains on the difference.

Fuck paying tax on anything I keep on-chain.

>>29852165
>Movement from your crypto
What do you mean? I only hodl.

Hey guys this is actually something I'm concerned about. I want to make sure I pay my taxes correctly, so could somebody please tell me exactly how a person negate the tax burden of crypto. Like if a bad guy were trying to totally dodge everything, how would they even do that?

I just want to know so that I don't accidentally do something illegal and end up in trouble!

what do i do with monero when its in my minecraft wallet? how do i buy blocks and pickaxes with it?

>>29852550
This is unironically true

>>29852996
What exchange does not require KYC?
What is the best way to buy bitcoin not linked to ID or SSN today? Localbitcoins with cash?
Thanks anons

Jokes on you I make so little money it doesn't matter!

I live in Portugal

>>29855910
Based, my dad does too so any gains i can just send to him, very comfy

>>29855698

Idk why but your question is phrased so weird...

Anyway you punch all your transactions into bitcoin.tax and voila you got yourself a form 8949, give that to your accountant and theyll do the rest.

Everyone not paying taxes will be fucked. Like that one "here before you couldnt be anonymous" dude is going to jail.

That dude who is only doing crypto to fiat and vice versa probably won't go to jail but he'll have to pay whats owed plus like a 50% penalty.

Also if you were here in 2017 you have until April 15th to file your back-taxes or your subject to criminal penalties

I dont make the rules so please dont get butthurt all you tax dodgers

>>29855910
Are you Portuguese?

>>29856166
Dont listen to this shill LMAO. I know a guy whos been trading for years and hasnt paid a dime i taxes

>>29852165
If you’re making less that 6 digit profit you’ll probably be fine

>>29852165
>Be American
>Swing your shitcoin
>The IRS raids your house for not paying taxes
>Get shot
OH SAY CAN YOU SEEEEEE

If I use a VPN I'm good right?

>>29855698
either overpay or don't pay at all, why give yourself the undo stress?

>>29857155
Yes

>>29853169
>Got a letter from my state saying I underpaid my 2014 (yes 6 years ago) taxes by $300. Had $60 of interest plus a $30 fee

Kek

>>29857451
Post bunda

>>29857463
>$390 in taxes
I'd an hero, did you have to take out a loan to cover it?

>>29857525
I hate brazilians

>>29852165
NANI?!?!

>>29859490
Dont bullshit me. Every Portuguese girl I've met has had a big joocy bunda