TAX CHEATS ON SUICIDE WATCH

[Anonymous No.13957395]

You did document and file all your crypto to crypto trades and pay your taxes right anon?
Why do you think localbitcoins.com just got rid of cash trading?
Full KYC and AML is coming to all exchanges, including binance
https://www.fatf-gafi.org/publications/fatfrecommendations/documents/regulation-virtual-assets-interpretive-note.html
https://www.coindesk.com/beyond-kyc-global-regulators-appear-set-to-adopt-tough-new-rules-for-crypto-exchanges
https://cryptobriefing.com/fatf-recommendation-16-bitcoin-dark-ages/
https://www.coindesk.com/japan-scrutinizing-crypto-exchanges-ahead-of-g20-summit

[Anonymous No.13957427]

Who cares dude fuck off

[Anonymous No.13957451]

>>13957395
G20 is going to be showing some extra interest in corn. I recommend getting your corn onto a thumb drive before then

[Anonymous No.13957458]

>>13957395
>implying that I use any exchange or localbitcoins to get more crypto
Jokes on you

[Anonymous No.13957481]

I'm not going to keep track of all my crypto to crypto trades lmao if I become a millionaire I'm moving out of this tax ridden shithole. If not I'll just pay short term capital gains and take the hit, but I'm not going to list all my trades fuck that

[Anonymous No.13957689]

>>13957395
Thats why decentralized uncensorable crypto2cash Protocols like Dether will thrive.

There is no Servers. They only exist as Smart Contracts and on IPFS/Swarm.

dether.io
https://coinmarketcap.com/currencies/dether/

[Anonymous No.13957737]

>>13957395

Good

Pay your share cryptotards

[Anonymous No.13957803]

>>13957689
Shill me this, anon

[Anonymous No.13957815]

>>13957481
This. I mean I have trades that have resulted in negative gains. So what they are going to tax all trades were I was in profit, but overlook the ones were I lost money? I'll pay for what I cashed out suck my fucking dick

[Anonymous No.13957836]

>>13957395
>laughs in Esperanto

[Anonymous No.13957845]

>>13957815
Nigger quit your retarded rationalizations, that's obviously not how taxes work. You only pay tax on your net profits for the year, but you do still have to track and pay tax on crypto to crypto trades or you'll get your ass widened when you try to cash out, when you get inevitably audited on the tax return where you can't account for where the crypto you sold for fiat came from

[Anonymous No.13957849]

shit how do i avoid this now? do i close all of my accounts?

i'm a neet on welfare but i have 400k in crypto and never cashed out

[Anonymous No.13957871]

>>13957737
No. Fuck niggers, fuck spics and fuck kikes.

[Anonymous No.13957879]

>>13957395
>tfw never cashed out
>tfw NEET that never paid taxes

[Anonymous No.13957903]

>>13957845
>when you try to cash out
imagine ever cashing out

[Anonymous No.13957909]

>>13957395
this only really applies to drug dealers, money launderers, terrorists. etc...

[Anonymous No.13957935]

I'm a CPA and just got out of tax reform training. Make sure you guys understand GILTI, BEAT, and FDII.

[Anonymous No.13957959]

>>13957935
go away jew

[Anonymous No.13957984]

>>13957935
nigger what? are you joking? do these niggers really expect us to understand this garbage?

[Anonymous No.13958011]

>>13957984
They're important provisions.

[Anonymous No.13958077]

>>13957395
GLOW NIGGERS GTFO MY BOARD

RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[Anonymous No.13958092]

i reported my crypto losses and got some money back. IRS btfo.

[Anonymous No.13958209]

>>13957935
Assuming you're not larping, tell me if I'm looking at it wrong.

The IRS has now way of knowing my crypto holdings or trades if I'm using an exchange that doesn't know who I am.

The problem arises when I try to cash out. They're going to ask where the money came from and I'll have to account for it.

Can I not just asses a zero cost basis and pay the applicable income tax rate on the whole thing? I think the only thing at risk is if you want to use a capital gains rate, or you had a substantial initial investment that you want to deduct from the gains, then you'll need to account for your activity. Assuming there's no way to prove your trading history.

I understand that, in theory, if you have a bunch of gains in December, sell but don't cash out, and then lose it on the next investment in January, you'll still owe tax for the December sell on last year's return, but that's only if the IRS has any way of knowing about that. Enforcing that regulation against people who don't voluntarily comply is impossible and really symptomatic of the boomers passing laws that don't understand hwo this shit works.

>Tell me where I'm wrong

[Anonymous No.13958243]

>>13957395

Jews can go die in nuclear fire, they are not getting my money

[Anonymous No.13958262]

>>13957395
>giving KYC info to shitty chinese exchanges where you trade shitcoins
>not just paying capital gains tax when you cash out to fiat
>cashing out ever
jej

[Anonymous No.13958263]

>>13957845

It's just plain robbery. Gotta feed the niggers who can't rob you themselves!

[Anonymous No.13958267]

>>13957849
bump

anyone?

[Anonymous No.13958280]

>>13958011

Nothing bureaucrats do is positive

[Anonymous No.13958325]

>>13957395
Fuck taxes

[Anonymous No.13958329]

>>13958262
>>not just paying capital gains tax when you cash out to fia
You're going to have to prove you held it for over a year to qualify for the capital gains rate.

[Anonymous No.13958351]

Chinese exchanges will introduce nothing. If binance gets fisted then exchanges will open in non cucked jurisdictions. Think Cayman Islands, Turks and Caicos possibly Isle of Man.

[Anonymous No.13958371]

>>13958351
They will
If they don't comply then the country gets cut off from the global economy
All countries have always complied with FATF

[Anonymous No.13958394]

JUST BUY MONERO YOU FAGGOTS
BUY MONERO
>BUY MONERO
BUY MONERO
>BUY MONERO
BUY MONERO
>BUY MONERO

[Anonymous No.13958407]

>>13957395
This literally marks the end of Binance as we know it. Binance is literally tradeogre with overdriven wash trading.

[Anonymous No.13958482]

I lie on my tax returns every single year lol IRS btfo.

[Anonymous No.13958530]

>>13958394
Why? A moon to ath is just a 4x.

[Anonymous No.13958570]

>>13958530
>posts in a thread about IRS and taxes
>"b-but muh moons dude"
XMR is the only truly private coin, brainlet

[Anonymous No.13958571]

>>13957689
>https://coinmarketcap.com/currencies/dether/

That shitcoin is dead as fuck

[Anonymous No.13958629]

>>13957395
I’m .... a ..... fucking .... SLAVE!!!

And you are calling me a cheat?

Fuck you OP. Fuck you , piece of shit fucking sadistic fuck.

[Anonymous No.13958631]

>>13957395
>confiscate crypto exchanges
>get user data
>pay taxes on crypto when converting to fiat via capital gains etc

imagine that, the hodlers will always reign supreme.

ALWAYS HODL

[Anonymous No.13958673]

This is why you be a hodl-chad and not a swinging shitcoiner virgin

[Anonymous No.13958819]

>hi I'm a kike bootlicker here to protect corporate interests and (((ours)))

Diaf

[Anonymous No.13958883]

>>13958673
>>13958631
>imypling they won't come after you with property tax for just having cryptos

[Anonymous No.13958889]

>>13958883
why would they know if people have cryptos?

[Anonymous No.13958950]

>>13957845
Faggot shut the fuck up

[Anonymous No.13958960]

>>13958482
based

[Anonymous No.13958961]

>>13957395
Is that foot fetish or boot fetish?

[Anonymous No.13958998]

>>13957395

i lost enough in 2018 that i'll be filing rollover capital losses for generations :^)

[Anonymous No.13959032]

You people thought the "you can't cash out" meme was just a meme? There literally is no cashing out.

On a more serious note this shit just seems like it's going to kill all exchanges? Especially places like Binance etc.

[Anonymous No.13959122]

>>13957395
>(a) R.10 - The occasional transactions designated threshold above which VASPs are required to conduct CDD is USD/EUR 1 000.

So basically no exchange will be doing transactions over $1000? Noice.

[Anonymous No.13959148]

>>13958280
Well good luck to you. GILTI, BEAT, and FDII are nothing to joke about.

[Anonymous No.13959451]

has anyone actually reported their crypto-to-crypto trades?

[Anonymous No.13959538]

>>13957845
>when you get inevitably audited
where's all the people who've already been "inevitably audited"? not everyone lives in fear of what if's like a fucking pussy

[Anonymous No.13959560]

>>13959538
I did. Had to pay back 5k. Didn't selected the right boxes I guess so you know. Principal plus interest and meme time for employees.

[Anonymous No.13959570]

>>13957395
Let me know when KYC gets to IDEX

[Anonymous No.13959571]

>>13959148
dawg, by the time any of this matters, ill be able to buy the best damn jewish lawyer my money can get my hands on, and he will make it right.

[Anonymous No.13959573]

Its not the IRS you have to worry about, its the state/county tax offices that are overzealous.

[Anonymous No.13959589]

>>13959560
How much did you pay in prior to the audit?

[Anonymous No.13959596]

>>13957395

If I never cash out, I never have to pay taxes faggot.

[Anonymous No.13959619]

>>13958263
either you can pay the government now and maybe buy a boomer's house he 25x on to live in a majority white indian and chinese neighborhood and maybe get robbed anytime you step inside their containment zones (cities)
or you can go to jail, niggers will fuck you up either way they're a tool the government uses to keep the goyim in line

[Anonymous No.13959669]

[Anonymous No.13959672]

>>13958889
exchanges will deliver the information

[Anonymous No.13959698]

Is this an American problem? I trade on full KYC exchanges and have 0 intentions of paying tax if I make less than a 100k GBP. Ukfag with EU passport here, why can't I just live in dirt cheap Slovakia for a year and cash out? Never dealt with the taxman cause he takes his shit straight out of my pay.

IRS sounds scary

[Anonymous No.13959736]

>>13959698

Dude according to that link in the OP they are planning on autistically tracking all transactions over 1000 usd.

>(a) R.10 - The occasional transactions designated threshold above which VASPs are required to conduct CDD is USD/EUR 1 000.

[Anonymous No.13959742]

>>13959698
United States taxes their citizens no matter where they live
Smart people just pay their taxes
/biz/ just has a lot of poorfag low IQ posters that refuse to fall into line
The nails that stick out will get hammered

The IRS is nothing to be scared of as long as you attempt to pay your correct taxes

[Anonymous No.13959747]

>>13959698
crypto to crypto tax went into effect in 2018
the IRS is a political tool in america so you bet they'll scrutinize cryptoheads more than niggers jews and pakistani 7-11 owners
decades in jail is the threat they will ruin you if you don't pay

it's all kind of funny because the government just votes to raise the debt ceiling anyways so taxes don't really matter it's only an exercise of control

[Anonymous No.13960418]

>>13957845
>Cashing out.
Fucking kek

[Anonymous No.13960424]

>>13959742

It's plenty to be scared of if you owe more than you have.

[Anonymous No.13960492]

>>13957395
i only use coinbase and didn't make more than 300 dollars last year and only 200 this year so yea. not too worried about it.

[Anonymous No.13960827]

>>13957395
>MFW bought lots of bitcoins in 2013 for silk road.
>Kept the deposit receipts for nostalgic value
>Turns out I had bought around 1000btc.
>Company that I bought from went broke and has no records
>I still have my deposit receipts
>Whenever I cash out I am cashing out my 2012 bitcoins that I held. It is definately not from trading Mr tax man.
>TFW keeping those receipts has saved me around 200k of taxes. And means I can cash out legit so the kike systems sees me as a high value individual and can get any credit I want (not that I would want one)

And yes I want to kms when I see how many BTC I bought and spent on weed.

[Anonymous No.13960860]

And yet localmonero is still up. If you ever paid a single penny of taxes on crypto, you deserve to get raped to death by a pack of niggers.

[Anonymous No.13960981]

>>13960860
The spread fees on local monero are about as much as tax.

Also how are you meant to buy assets?


I want to buy a house, cant just buy one with cash

[Anonymous No.13961051]

So what happens if I buy 100$ worth of crypto, the crypto doubles in value, but then falls to half of its original value. At first I made a profit, but then I take a loss.

Am I supposed to pay taxes on a temporary profit that ended up as a permanent loss? That would be fucking retarded. The only thing that makes sense is reporting when I withdraw it to fiat.

[Anonymous No.13961082]

>>13957871

>using but not contributing towards shared resources
>calling other people niggers

delicious irony

[Anonymous No.13961147]

>>13961082
I didn't know that feeding spics and niggers was a resource. Fuck off schlomo you're not getting my shekels

[Anonymous No.13961165]

>>13961147

tax dollars fund roads, infrastructure, emergency services, plus a fuckton of other things you free loading parasite

[Anonymous No.13961174]

>>13958209
>Can I not just asses a zero cost basis and pay the applicable income tax rate on the whole thing?
Yeah you can just do that.
I didn't pay crypto taxes for 2016 despite having trades, so I just ended up paying capital gains tax with zero cost basis for 2017 and the IRS didn't give a shit, probably because it's more profitable for the government for people to do this.

[Anonymous No.13961197]

>>13959672
>>>
>hes not hodling in hardware wallet

KEK

[Anonymous No.13961232]

>>13960827
>And yes I want to kms when I see how many BTC I bought and spent on weed.
~1000 btc x ~100$ = 100,000 in 2013 on weed. $273 everyday, 365 days, on weed. Bro you can smoke for 2 decades on 100k

[Anonymous No.13961245]

>>13961165
Bullshit they do, most of it gets embezzled by corrupt city officials and “low bid” contractors who spend 2 years re-paving a city block.

[Anonymous No.13961342]

>>13957395
Yep. Call me a cuck but I paid over $5k in 2017 to cover my gains. Lost it all in 2018 and have $3,000 in capital losses to roll over for the next 10+ years.

Sucks ass but if I ever get audited I wont have to worry about going to jail

[Anonymous No.13961353]

>>13958209
I actually think this would work and the IRS would be happy just because you're paying income tax versus trying to pay capital gains

[Anonymous No.13961485]

>>13961353
I don’t think most of the cpas working for the IRS even knows how to handle this crypto shit. If someone sends in a check for 50 grand owed on taxes for crypto, they’ll take it and not make a fuss because thet know how many aren’t even filing and they are understaffed as it is.

[Anonymous No.13961968]

Thread confirmed for being glow in the dark niggers.

>the brainlet isn’t intelligent enough to buy BTC over the counter (cash for BTC with no KYC)
>he does KYC when he’s using an exchange hehehe.
>he isn’t smart enough to cash out his BTC gains in gift cards (food, gas, hotels, flights cards)
>he doesn’t store his wealth in stable coins, outside the reach of greedy (((kikes)))
>he doesn’t cash out BTC for gold (no KYC, no reporting)
>he doesn’t buy a house with stable coins
>he doesn’t hide his wealth in anonymous offshore bank accounts outside the reach of greedy kikes (an account can be purchased for $7000, no ID required)

People who say “you’re going to get your ass fucked in jail if you don’t pay $1000 in tax” are literally IRS shills meant to spread FUD.

[Anonymous No.13962347]

>>13957903
>>13960418
Enjoy your monopoly money
>>13958263
I didn't make the rules, just telling you what they are. You can try to break them or not as you like
>>13958950
No
>>13959538
Retard, not getting into pointless trouble with your country's tax collectors has nothing to do with being a pussy.
>hurr durr I'm gonna break the law in the one and only area the governments are absolutely incentivized to take with deadly seriousness no matter what

[Anonymous No.13962978]

>>13958243
This

[Anonymous No.13963247]

Do your research on crypto reporting. Know the repercussions of not reporting and if you are okay with that go ahead and do nothing. But if there’s any doubt then dig deeper.

[Anonymous No.13963569]

>they think you can cash out of crypto
Top kek

[Anonymous No.13963623]

>>13962347
>monopoly money
you know stablecoins exist right?
why ever use a bank if I can use metamask?

[Anonymous No.13964549]

>>13958329
thats literally possible easy. Jsut send them your wallet adress...since you know blockchain is an public order book?

[Anonymous No.13965158]

>>13957395
Guys during the mainnet presentation I thethered up approximately 2k linkies on binance and buyed back after like 1 hour
I have to pay taxes on this event?
What would you do?

[Anonymous No.13965184]

>>13960418
>>13958262
>>13957903
AHAHAHAHAHAHAA
LITERAL PLAY MONEY

[Anonymous No.13965192]

>>13957395
Can someone rationally explain to me how the government forcing me to give them money under threat of imprisonment is not theft?

[Anonymous No.13965240]

I only have 25 bucks in crypto

[Anonymous No.13965258]

>>13965158
Yes, you have to pay taxes

[Anonymous No.13965311]

>tl;dr nobodys cashing out without the tax man breaking out the spiked strap on
If you cant cash out, shouldn't people be focused on making a coin that, I dont know... works as an actual fucking currency and isn't slow as shit?

[Anonymous No.13965381]

>>13959698
>Slovakia
Nigger, you're going to pay over 30% on crypto. Just use ATM to cash out.

[Anonymous No.13965407]

>>13957395
Good thing I used all my crypto gains to buy a semi automatic ar-15.
Any IRS niggers try to ruin my peace and tranquility will be executed on sight. I'm not going back to poverty to pay for niggers on welfare to deal drugs and fuck white whores with my taxes.

[Anonymous No.13965424]

>>13965407
You realize you're posting in a honeypot? I hope you're using VPN.

[Anonymous No.13965428]

>>13957395
stay poor. also, have sex

[Anonymous No.13965449]

>>13957845
>where you can't account for where the crypto you sold for fiat came from
They can’t prove where I got it from either, so it’s not tax evasion. I can just say it was a gift and they can’t do anything about it.

[Anonymous No.13965457]

>>13965449
Or even better, I can say I mined it 8 years ago when it was worth nothing.

[Anonymous No.13965585]

>>13961165
federal taxes have nothing to do with roads or infrastructure.

[Anonymous No.13966665]

>>13959747
>decades in jail is the threat they will ruin you if you don't pay
Nobody spends decades in jail for tax evasion. Those are 11 month jail terms, for egregious cases.

[Anonymous No.13966683]

>>13961051
No dumbfuck it's measured when you sell it.

[Anonymous No.13966696]

>>13957871
Based and redpilled

[Anonymous No.13966723]

>>13961165
The individual income tax is allocated primarily towards paying interest on the national debt. Your tax dollars pay for the privilege to borrow money from our private central bank. Your income tax pays for our corrupt and broken monetary system. Roads bridges and firemen are funded by other taxes. Individual income tax is soft slavery.

[Anonymous No.13966745]

>>13961342
>Sucks ass but if I ever get audited I wont have to worry about going to jail
Criminal charges aren't even on the table as possible until your debt obligation exceeds $75,000. If you owe less than that, then you're only talking fees and fines.

[Anonymous No.13966749]

>>13957845
I do an online personal training business and have an online laundromat that only accepts eth fuck off nigger.

[Anonymous No.13966769]

>>13961968
>>he does KYC when he’s using an exchange hehehe
If you're dealing with enough crypto to where tax is actually a concern, then you're already going to need to KYC with almost any exchange (CEX) to withdraw more than $10,000 or so.

[Anonymous No.13966782]

I'll pay my taxes in 5.56 if the irs comes knocking.

[Anonymous No.13966785]

>>13959451
Yep. Took a loss. You can just state the value in and value out and pay tax on the difference. The IRS just wanted something from you. That's enough. Be sure to guarantee a loss by locking in losses before the year ends.

[Anonymous No.13966796]

>>13965192
Because your great grandparents voluntarily agreed to it on your behalf 100 years ago. Be sure to thank them in the afterlife.

[Anonymous No.13966809]

>>13957395
>You did document and file all your crypto to crypto trades and pay your taxes right anon?
lol I have 1000+ c2c trades from testing trading bots. Good luck keeping track of my coin kike, cause I physically can't lmao. No matter what you do the numbers wont add up so I get to just pay a bullshit amount and live rent free in your mind.

I always win.

[Anonymous No.13966814]

>>13965449
>I can just say it was a gift and they can’t do anything about it
Gift tax rates are higher than income rates.

[Anonymous No.13966840]

>>13966796
Another reason to hate the old, uneducated, low IQ retards.

[Anonymous No.13966850]

how do you keep track of all your shitcoin trading? It is basically impossible. I probably have thousands of trades and you expect me to track everything back to each initial fiat purchase? Yeah, no thanks.

[Anonymous No.13966857]

>>13966840
I mean the taxes are not bad, but the way they want to report every single trade is cancer. just tax me on what I cash out fucking animals

[Anonymous No.13966890]

>>13966850
Boomers don't understand crypto and they're passing laws that reflect their lack of understanding.

[Anonymous No.13966900]

>>13966857
You expect them to act like animals. I've never seen animals display pure evil and malice like a Jew does.

[Anonymous No.13966903]

>>13961968
You will get sent to jail for doing cash no KYC trades secretly, tho

[Anonymous No.13966922]

>>13965424
lol what the fuck can they do with info from an anonymous mexican special needs gymnastics board? I could say i literally own 10,000 BTC which i have been hiding from the government, which is true, i really have, what the fuck is going to happen? I obviously do not own 10,000 BTC because if i did, I wouldn't be posting here hanging out with the rest of you retards.

[Anonymous No.13966945]

>>13966857
just tax me on what I cash out fucking animals

This will be the case soon when they realize the unenforceable nature of current law. It's like requiring tax records for every spin of the wheel at a roulette table. It will be given like-kind exchange status soon enough.

[Anonymous No.13966964]

>>13966945
especially when all of the legislators children want to cash out on their insider trading in the future, you know all those fuckers kids probably hold a good amount of different blue chip crypto and probably LINK as well.

[Anonymous No.13966992]

>>13966964
Nah, those fuckers loaded up on Aergo.

[Anonymous No.13967114]

>>13966945
This, I’m just hodling for Congress to pass actual laws. hell we may even get an amnesty for past owed taxes especially if Republicans win back Congress and keep the Presidency.

[Anonymous No.13967132]

>>13957395
stfu IRS lackey

[Anonymous No.13967245]

So the best suggestion is to transfer to an offshore bank and then cashing out? Sounds impossible.

[Anonymous No.13967364]

>>13958329
Ill just show my etherscan

[Anonymous No.13967611]

>>13958998
You, too? kek. I'm up five figs in stonks this year so far and it still doesn't exceed my capital loss carryover.

[Anonymous No.13967623]

>>13958394

Eth has zk proofs now bro, monero is toast

[Anonymous No.13967643]

>>13957845
Why would I cash out my bitcorns for useless USD monopoly money?

[Anonymous No.13967681]

What kind if autist says "tax cheats" kek

[Anonymous No.13967768]

>>13967643

Even if you don't trade btc to usd, if you buy goods or services with btc you owe tax in the us

[Anonymous No.13967888]

>>13967768
That's nice and all but how is this even going to work? How am I going to pay sales tax on something I bought to the government, in sats? Lmao. Are they going to convert sat to USD amount and tax that way? That's why this entire thing is retarded beyond belief, these laws were created by boomers who know absolutely nothing about crypto.

That's even assuming I still decide to live in this tax riddled shithole. If I become a millionaire I most certainly will not. Realistically though I will just claim it as long term capital gains if I cash out and say "I bought X at ____ and sold it at ____ after Y time"