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/biz/ - Business & Finance

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16487524 No.16487524 [Reply] [Original]

Is moving crypto from one cold wallet to the next a taxable event?

>> No.16487615

>>16487524
>how stupid is biz, the thread.

>> No.16487734

>>16487615
Ok, how to buy without kyc? Serious question

>> No.16487748

>>16487615
That’s not an answer

>> No.16487780

>>16487748
I can’t imagine how it would be taxable as it’s a single party transaction: no new money leaves or enters. Now do my question please

>> No.16487959

>>16487780
Localbitcoin

>> No.16487976

It's not a tax but you need a money transfer license

>> No.16487986

>>16487959
Everyone wants to see ID

>> No.16487987
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16487987

If I take money from my right hand and put it in my left hand... did I create a taxable event?

>> No.16488177

>>16487987
I put down a big Mac and picked up a fry, is it a taxable event? I sold link and bought ftm and it is... Soooo

>> No.16488207
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16488207

>this thread

>> No.16488928
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16488928

>> No.16488947

>>16487987
LOL
>>16488177
Not what he said. In your example, you would be trading a hamburger for a fry.

>> No.16488951

>>16488928
Op sucks water dick

>> No.16488963
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16488963

>>16487524
>>16487615
BEWARE bad information on biz!
i received the pic related wallet from my wife last year, and when i moved cash from my old wallet i had to pay CAPITAL GAINS TAXES!!1

>> No.16488982

>>16487524
Probably not.

However, you definitely don't want to take tax advice from /biz/.

>>16487734
Generally, you'll have to use face-to-face transactions. Localbitcoins, or similar websites will help you create real-world connections to buy/sell crypto.

There are probably also darkweb places to sell without KYC, but those probably expose you to all sorts of crazy stuff. Theft, honeypots, accidentally dealing with dangerous criminals (e.g. cartels), et cetera.

>> No.16488999
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16488999

Each time you open your wallet to just look at it, is a taxable event.

>> No.16489010

>>16487524
Idk but I just lost $90 on a lowcap swing trade. Thank God I already bought Christmas gifts.

No more swing trade for me. Shouldve just bought GRIN and held

>> No.16489046
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16489046

You fucking yanks are so stupid and don't even know how fucked you are by your own government

it's fucking hillarious

https://coinnounce.com/irs-wants-you-to-reveal-your-crypto-transactions/

>> No.16489064

>>16489010
My GRIN stack is untouchable

Im about to spend $2000/month on crypto. Should I buy Monero too? Or all in ETH

>> No.16489831
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16489831

>>16488999
>999
BOG HAS SPOKEN!

>> No.16489840

>Is moving my television from the basement to the living room a taxable event?

>> No.16489966

No, but it will be in 3 years when Bernie and pals tax the shit out of you

>> No.16489972 [DELETED] 

No, keep it a proper wallet fag:

https://play.google.com/store/apps/details?id=com.ankerpay.wallet&hl=en

>> No.16489977 [DELETED] 

Keep it on a proper wallet fag:

https://play.google.com/store/apps/details?id=com.ankerpay.wallet&hl=en