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11708208 No.11708208 [Reply] [Original]

Enlighten me here. If every trade is a taxable event then I would hate to have to deal with the THOUSANDS of transactions with possible realized gains. So couldn't I theoretically consolidate all my earnings into BTC, then buy monero. Then send it to a new binance account if I use a burner phone with hotspot with a cheap 200$ laptop which I obviously wont register my info so none of the IP's would be linked by me. Then I can say the monero was gifted to me when I cash out.

Please help a lad and also correct me where I'm misinformed, if any.

>> No.11708224

>>11708208
That would be illegal. Just pay your taxes like everyone else here.

>> No.11708251

>>11708224
I am never going to be able to find every transaction.

>> No.11708357

>>11708251
Do your best. Remember that a machine is reviewing your paperwork. Unless you're trying to launder a huge amount of money you'll be fine.

>> No.11708383

>>11708251
>paperwork too hard
>i know i'll commit a crime so i dont have to do it

>> No.11708404

>>11708208
You are fucked. Pay your taxes and be a good goy. Don't be like the 400k plebbit guy who is getting fucked by the IRS.

>> No.11708428

Selling finex accounts verified for 5G.

Hit me up with your Mail

alt.si-aobnbcgv at yopmail dot com

>> No.11708450

>>11708428
Scam lol

>> No.11708467

>>11708208
>THOUSANDS of transactions

How do you even get in this deep without realizing you fucked up.

>> No.11708470

How can they find trades on binance? and also monero? I would suggest not going through exchange like coinbase, use localbitcoisn or spend in monero

>> No.11708475

>>11708357
>>11708404
but doesnt monero not leave a trail?

>> No.11708494

>>11708475
you gon get fucked so hard by the irs, right in the ass. but go ahead

>> No.11708505

This has been figured out already. Whatever amount you cash out you report the trade like bought x at y and sold for z. That's one trade. As long as you report something and pay, I doubt they'll investigate beyond that.

>> No.11708508

>>11708470
>>11708467
I originally was just going to do initial investment and cash out amount as my realized gains through cuckbase. I started with 5k in coinbase which I then sent to an exchange for alts, resulting in now 50k. If i went back through cuckbase to send to bank would they really go that deep into which trades made me that?

>> No.11708521

>>11708505
perfect, thank you. I'm not making millions, just neet money.

>> No.11708540

>>11708475
No. Monero is traceable. Like anything you do. IRS is going to get you. Don't be stupid and be a good goy.