[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 8 KB, 275x183, images (18).jpg [View same] [iqdb] [saucenao] [google]
15867800 No.15867800 [Reply] [Original]

>Resolving a long-standing question, the guidance says new cryptocurrencies created from a fork of an existing blockchain should be treated as “an ordinary income equal to the fair market value of the new cryptocurrency when it is received.”

https://www.coindesk.com/the-irs-just-issued-its-first-cryptocurrency-tax-guidance-in-5-years

How do they plan to pull this off? Forks usually list at inflated values and shit the bed fairly quick. Why don't they require exchanges to provide you with a W2 of sorts for your trades? I guarantee 98% of the crypto community doesn't report shit over the complexity of their rules. If we were smart enough to figure this shit out we probably wouldn't be trading magic internet money in the first place. Guess I'll just finish my life out on international waters because I wanted to escape wagecucking by trading meme cubes.

>> No.15867972

>>15867800
blockchain islands WHEN

>> No.15868000

>>15867800
>sergey shadowforks link and cucks the burgersharts with taxes as revenge for all the memes about his weight

>> No.15868011

>>15867800
>BTCP and ZCL fork holders getting assfucked a third time
Looking forward to this

>> No.15868047
File: 488 KB, 1600x2398, C6DA537B-AC8C-4054-9602-71CF8140F809.jpg [View same] [iqdb] [saucenao] [google]
15868047

>>15867800
It’s not about being smart enough it’s about being wealthy enough to circumvent this labyrinth with expensive accountants and tax attorneys. It is a war against anyone outside of the upper class. Legacy institutions and governments are on their death beds so they will seek to retain their power by taxing everything they can, hence the climate change meme and probably property too since those who already own tons of it can use depreciation to write off numerous taxes, shielding themselves. Countries which choose instead to embrace the Information Age will benefit economically from the enormous transfer of wealth that is beginning to unfold.

>> No.15868057

>>15868011
This will probably drive a lot of people to suicide(assuming they haven't already)

>> No.15869207 [DELETED] 

bump

>> No.15869388

>>15867800
Why report anything? Seriously. It's anonymous. If you want to cash out, just fly to Korea or Russia.

>> No.15869501

>He doesn't have offshore bank accounts in estonia attached to the owner of a shell corporation in switzerland, who is then attached to the owner of a shell corporation in panema, who is then attached to the owner of a shell corporation in the caymen islands, who is then attached to his name
>He thinks he can make it

>> No.15869517

>>15867800
Just boomers being boomers.

>> No.15869536

>>15869501
Yea sure retard I'll do that for my 5k in link. Definitely worth it.

>> No.15869546

>>15867972
Fuck off we're full!

>> No.15869551

>>15869536
True, 50 million dollars isn't that much

>> No.15869839
File: 49 KB, 328x202, 1556464505469.png [View same] [iqdb] [saucenao] [google]
15869839

>>15867800
>If we were smart enough to figure this shit out we probably wouldn't be trading magic internet money in the first place.

>> No.15869852

>>15869388
it's not anonymous stinky glownigger