/biz/ - Business & Finance

It is the case in my country (EU region, though not one of the wealthy countries).

Every single crypto-to-crypto permutation (in addition to straight-up crypto 'sales') wherein a nominal gain was made over the last 12 months has to be declared as capital gains in your income statement. As in, you have to attach an Excel file with all those movements.

>>54195773
Imagine believing there was a way the IRS had to audit crypto to crypto transactions lol lmao even

>>54196170
Yeah I'll get right on that LMAO

>>54195773
If you buy swap $1000 worth of bitcoin for $1000 worth of Ethereum, there's no capital gains, therefore no taxable event. How are people not smart enough to just know this much.

>>54195773
not really

>>54195773
Not my problem I’m not an emotional swinging faggot

>>54195773
Come tax it nigga

>>54196170
country?

>>54196301
Lmao nice bait

>>54196170
And this, is why, the EU is being cucked perpetually by Africans and Eastern Europeans. You literally stand in line to be cucked...

>>54196170
>implying any eastern shithole is going to check your crypto movements
Here in France the state only cares about crypto when you cash out to FIAT, which is easily traceable with banks and KYC, and there's a flat tax of 30% on gains. Even though, it's not going to care about small amounts like 1000€.

>>54195773
>letting taxable events prevent you from obtaining generational wealth