/biz/ - Business & Finance

>>52792223
Thanks for playing

>>52792223
Why? It's not like you received any tokens or anything. Not a taxable event

>>52792223
if you bought on a DEX you would've never had to deal with this, what the fuck was the point of defi if you're going to link banks into this? you're all jokes.

>>52792223
That'll be 1.4k link my good sir

>>52792256
the IRS classifies transferring crypto to a wallet you do not own as "selling", so OGs who bought under $1 will need to pay capital gains

>>52792223
Taxes? What's that?

just dont pay lol

>>52792303
>just go to prison bro

yes and i'm reporting every single wallet that staked to the IRS since they give a bonus for tax fraud :)

>>52792279
>link OGs
Yeah, long-term capital gains which isn't as bad especially if you made it. Even newfags have been holding link for at least 2 years.

>Long-term capital gains tax is a tax applied to assets held for more than a year. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. These rates are typically much lower than the ordinary income tax rate.

>>52792223
This is the latest gay narrative your tranny discord has come up with.
Nobody cares.
Staked
Never selling.

>>52792258
I've been buying tokens and withdrawing to my wallet from CEX.
Should I just buy stablecoins instead and buy on dexs only?

>>52792333
>Never selling.
of course you are, you can't fucking sell

>>52792279
lmao really, show me where it says so

>>52792223
tare into my eyes and hear my words linkies

Let's get one thing straight. You WILL stake those link bags. You WILL be happy with a 4% commission. That much I can tell you. A guard will come by your pod three times a day to administer the mood detection test. Should it read "insufficiently staked," there will be an appropriate response. So, let me say it real clear. You're going to lock the tokens up for a while. You're going to share your profits with the state. Yes, it will mostly dump, and you're going to love it.

>>52792316
bitch

>>52792631
>If you use bitcoin to buy a pizza, for example, you’ll likely owe taxes on the transaction. To the IRS, spending crypto isn’t that much different from selling it. You need to sell the asset before it can be exchanged for a good or service, and selling crypto makes it subject to capital gains taxes.
If you send you crypto to someone else then the IRS will treat it as a sale of crypto
they don't have the time to care about the specifics of every situation, but they do have time to railroad your ass for $10

>>52792703
but depositing link into a smart contract isn't the same as "spending it" right....

>>52792681
you are either underage or retarded. enjoy the 80k new irs agents who were hired to specifically come after idiots like you.

>>52792727
I doubt the IRS thinks it's any different

>>52792605
I know lmao, I'm hyped.

>>52792223
this thread is pure estrogen

>>52792223
>>52792244
>>52792279
>>52792316
>>52792320
>>52792605
>>52792671
>>52792703
>>52792735
>>52792757
kikes gonna kike

ok how can i dodge taxes? can i make it look like my wallet is in a 3rd world shithole and not have to pay taxes?

You don’t have to pay taxes but they will put you in prison and kill you

>>52792916
The way to avoid taxes would be to have never filled in the first place

>>52792333
Checked and beyond based.

>>52792757
of course it does retard. stakin != selling

>>52793931
we'll see who gets audited soon enough

>>52793945
you're not selling when you're in control of your private key you absolute moron. selling = swaping your token for fiat or another asset

>>52793982
you gave up control of it though, it isn't in your wallet anymore
If I send my crypto to some other wallet the IRS will view it as a sale, I'm just assuming they'll do the same thing if you send it to a smart contract

>>52792223
Hahahahahahhahahahahha.

You should have read the fine print.

>>52794048
>I'm just assuming
yeah because you're a retard

>>52794115
ok fren you're right the IRS has a great track record I should have been more trusting in the incredible service they provide the american people

JOKES ON YOU KIKES MY LINKIES ARE UNDERWATER ILL BE FILING THAT CAPITAL LOSS THANK YOU

So if I send my linkies to coinbase, is that considered a sale as well?

>>52792223
I feel like these posts are psy-op posts. Nobody pays taxes on crypto unless they cash out. Who has the time to keep track of all the ridiculous rules

>>52794148
people have been staking for years. just try to use your fking brain, they already know what staking is and they do not consider this selling

>>52792223
There is no universal tax code anon. We don't know wtf you have to pay.

>>52792223
Great fud lets see another "how do i unstake" thread next

>>52792223
dump it