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/biz/ - Business & Finance

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5617491 No.5617491 [Reply] [Original]

(((Those))) fucking faggots in Government are coming for our crypto gainz starting in three days.

https://web.archive.org/web/20171230001401/https://www.bloomberg.com/news/articles/2017-12-21/tax-free-bitcoin-to-ether-trading-in-u-s-to-end-under-gop-plan

>> No.5617550
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5617550

You might want to move everything off of American Exchanges before Jan. 1st or you're going to get the IRS up your ass.

>> No.5617604

>>5617550
What if you use Poloniex but aren't American? Do I need to worry? Only have half a BTC in various coins (DT)

>> No.5617607
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5617607

>>5617491
>tfw you thought they were already taxable

>> No.5617649

>>5617491
It was always taxable you mong

>> No.5617698

Heres the deal: as much as I want to say "eh fuck this", if you try to declare your gainz as long term holds - theyre gonna wonder when tf you bought them. and youre gonna get penalized for not reporting the short term trades of yesteryear.


but what we need to do is get this gay law ammended. One democrat in colorado tried to fight it, probably because dudeweedlmao uses crypto. We need a lobbyist.

>> No.5617739

>>5617550
is bittrex american?

>> No.5617922
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5617922

>>5617649

They're about to tax individual trading. So now when you buy DOGE on an exchange, you get the joy of paying tax on it.

>> No.5617975

So which exchanges aren't american?

>> No.5618019

>>5617975
binance, cryptopia to name a few.

cryptopia could use some volume that site is dead

>> No.5618033

>>5617491
>"Every time you trade one digital currency for another, one token for another, it’s going to be a taxable event.”
BOOMERCIDE WHEN?

>> No.5618058
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5618058

>>5617491
they can't send us all to prison. NOBODY PAY

>> No.5618126

An amnesty is likely. You'll all pay some minor penalty.

History supports this - check out the overseas account amnesty

If you made big gains and spent it all...well...I hear Belize is nice his time of year