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/biz/ - Business & Finance

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21141815 No.21141815 [Reply] [Original]

Any other options to buy crypto with an american bank account besides pic related? Why do they have to report my gains to the irs?, fuck that.

Any other safe options out there?

>> No.21141860

>>21141815
crypto.com or crypterium?

>> No.21141907

They can't report your gains if you DON'T SELL

>> No.21141965

>>21141907
So just send from a coinbase wallet to a personal wallet then sell to a different exchange?

>> No.21142037

>>21141907
Is this true?

>> No.21142077

>>21141907
is there a minimum amount of gains before u have to report?

>> No.21142135

>>21142037
You are actually taxed LESS if you cashout after holding for at least a year
>>21141965
You still have to sell when you want access to your money doesn't matter what exchange you are using

>> No.21142189
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21142189

>>21142077

>> No.21142266

>>21142189
>>21142135
Ok im fine with taxes but keeping track of every trade is retarded, can I just do total profit or someshit

>> No.21142296

>>21141815
Gemini

>> No.21142300

Changelly, and you can buy on atomic wallet.

>> No.21142443

>>21142135
Don't you only pay taxes if you've earned more than a certain amount of money? Like $20k?

I've made no more than $100 so far and no job (college student). Do I have to pay taxes to the IRS?

>> No.21142478

>>21142266
That's the main point of IRS fuckery it records every transaction and count a tax on EVERY of them, if you swing 10 times all profitable ones get taxed while losses is entirely on you. Some guy got raped into -30k$ after losing 99% of his stack.

>> No.21142516

>>21142266
If you have to do it just schedule quarterly payments where you take out some for you while reinvesting
Therefore you already paid on that initial cashout and by reinvesting you can get back what you paid in taxes
Also you should consider donating to charity so that you can write some of that off your total tax bill

>> No.21142559

>>21142478
How does coinbase know I did that if I send straight to binance without KYC?

>> No.21142640
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21142640

Fuck the IRS

>> No.21142686

>>21142559
Binance.us is logging every single trade, don't know about global one but its better to ask fellow burgers on advanced tax evasion tactics.

>> No.21142702

>>21142443
>I've made no more than $100 so far and no job (college student). Do I have to pay taxes to the IRS?
technically, pretty sure you're supposed to report literally every earning, like if you watch someone's dogs and they give you 200 dollars. i could be wrong though

>> No.21142739
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21142739

>>21142640
>haven't filed a tax return in 3 years

>> No.21142761

>>21142686
Im using the old binance one that I made an acc before they banned it for NYC lol.

>> No.21142773

>>21142702
When though? I just turned 18 a few months ago and I have no clue what I'm supposed to do. Do they send you a form?

>> No.21142805

>>21141815
Use the cash app with code Rogan so you can send $5 to the pygmies in the Congo to build wells or some shit. But cash app allows easy BTC purchases, which is what I use to transfer to binance. Fuck goybase

>> No.21142935

>>21142773
have your mom help you no joke

>> No.21142962
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21142962

>>21142189

Wrong chart. It's not that bad desu

>> No.21142998
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21142998

>>21142266
>keeping track of every trade is retarded
How hard is it to use an excel spreadsheet? It takes literally less than a minute to integrate price feeds and is incredibly useful for tracking profits and losses. That is, unless you're trading in lunch money.

>> No.21143193

>>21141815
Binance.us or gemini.

>> No.21143209

>>21141815
coinmetro. lowest fees, xcm token best investment

>> No.21143274

>>21141815
I get the fucking coinbase fee plus the irs taxes me

>> No.21143307

Is coinbase pro frozen or is it just me

>> No.21143356

>>21141815
Paxful.

>> No.21143979

>>21142443
In the us the limit is 39 or 40k yearly income or less and you don't report or pay capital gains.

>> No.21144360

>>21143979
Oh good, 98% of burger/biz/ qualifies then.

>> No.21144714

>>21144360
Yes, these tax fags are paid to scare you. They come every bullrun, which means this is it.