[ 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: 11 KB, 231x218, lul.jpg [View same] [iqdb] [saucenao] [google]
21324042 No.21324042 [Reply] [Original]

How to not pay taxes. Also, at what $ amount does IRS sttart tracking you via coinbase? Fuck these taxes.

>> No.21324094
File: 62 KB, 1280x720, smug2.jpg [View same] [iqdb] [saucenao] [google]
21324094

>>21324042
you WILL pay the taxes, goy

>> No.21324164

You should research how to pay less taxes rather than try to not pay taxes at all

>> No.21324207

>>21324042
Try buying crypto peer to peer and or via a foreign exchange. After you enter crypto nobody needs to know what you do with your coins.

>> No.21324233

>>21324042
move to a tax fren country get a dual passport . then drop the usa like a hot yam!

>> No.21324345

>>21324042
i have a suggestion but it's not easy and a major decision but if you eventually have enough money move to Puerto Rico, being serious

>> No.21324372

>>21324042
tax question: i move ETH out of coinbase (trading on uniswapp, etc) then i move more ETH back into my coinbase wallet (after profiting from uniswap trades) to cash out.

will they actually be able to track what happened outside of my coinbase wallet?

>> No.21324441

>>21324042
Try buying crypto peer to peer and or via a foreign exchange. After you enter crypto nobody needs to know what you do with your coins.

>> No.21324455

>>21324372
yes. have you ever looked at a blockchain explorer? everything is public. they will have to prove the wallet is you but it's not very hard to track where coins go

>> No.21324562

>>21324345
>T. Peter Schiff

>> No.21324608

>>21324372
If they want, yes they can track you. You should use an ethereum launder. Tornado cash I think is the name. The best way to enter crypto is by cash. However I understand its hard in most places to find someone willing to sell. Maybe a safe but inconvenient way to bring cash with you in another country and buy there, maybe using an ATM.

>> No.21324744

>>21324164

In Canada I can get back a perecentage of losses thats about it.

>> No.21325123

>>21324455
>>21324608
Im gonna have to amend some taxes from a few years ago then. It wasn't until this past tax season they asked about reporting here in the states, so i'm gonna have to compile a bunch of shit.

>> No.21325217

>>21324042
>How to not pay taxes.
Don't realize your gains.
>Also, at what $ amount does IRS sttart tracking you via coinbase?
Yes.

>> No.21325307

I started a thread on this yesterday. Was going to make it a routine thread about taxes. But no one responded.

The problem is a lot of the deductions are based on income. So if you did good in the markets you can't take a student loan deduction or an ira deduction. Shit ducks. I'm still looking.

>> No.21325508
File: 1.98 MB, 4032x3024, D3C0645C-9698-44FF-8558-4FAB98406C8C.jpg [View same] [iqdb] [saucenao] [google]
21325508

>>21325123
Not sure what you are talking about but in 2017 it was clear you had to file crypto gains. Here is mine.

>> No.21325542

>>21325217

>Dont realize your gains
I only used coinbase once and stopped using it. I think there was something about coinbase only tracking you after a certain amount of fiat put in.

>> No.21325813

>>21325508
fucking turbo tax niggers

>> No.21325975

>>21324042
> Coinbase
> Avoid taxes
I pay all my taxes and am using coinbase tracking software that costs me $60 a year. I also won't use coinbase because the IRS doesn't understand crypto and sends you forms that have nothing to do with what you do off exchange and when you don't match up (even if you pay more) you get flagged.

>> No.21326319

>>21325975

Well so are you saying to use tax tracking software to calculat ur taxes or not?

>> No.21326431

>>21325975

Coinbase tracks u man. better pay ur taxes before they lube u up and probe u.