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21469028 No.21469028 [Reply] [Original]

i legitimately don’t know what to do
i’m pretty sure i have done my taxes wrong and i’ve made so much money off link but not enough to make it
i don’t even know a lawyer or how much they would even cost to fix my past taxes
this shit is too stressful man
wtf do i do
i can’t even touch the money i’ve made because i’m terrified to

>> No.21469064

Go to bitcoin.tax

>> No.21469233

>>21469064
does it help correct taxes back to 2017 forward?
i literally don’t know what to do

>> No.21469470

pay someone who isnt a retard to do it for you

retard

>> No.21469783

>>21469470
who
i am a minimum wage wagie that has never had to deal with anything other than a w2
who is that someone
is it a lawyer
a cpa
what do i even ask them
how can i even pay them if i can’t touch the money that i have
i literally have $5 in my account to last me until next friday

>> No.21469854
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21469854

>>21469783

>> No.21469940

>>21469028
More money, more problems.

>> No.21470020

>>21469854
yeah whatever man i’m stressed the fuck out and i don’t even know how to begin solving it
sorry for not being born with a 200 iq

>> No.21470062

>>21469028
Just use this website and it will work it out for free

https://koinly.io/?utm_source=adwords&utm_medium=gen&gclid=CjwKCAjwj975BRBUEiwA4whRB8eh4F1jn5S0rOAzwzOHUPRl9BpaDa4dWMIWMkrQE6EyKw7VOKAOShoCF3MQAvD_BwE

You have to pay for the report, but you can find out how much profit or loss you made per year for free. Using that info, you should be able to figure out your capital gains tax very easily. Just tell them and usually they will put you on a payment plan to help you back pay. They just want their money eventually. usually they are pretty helpful if you come forward.

>> No.21470092

>>21470020
Id just print off all your transactions and take them to HR Block and ask what do

>> No.21470154

>>21470062
And by "tell them" I mean the IRS.

>> No.21470177

>>21470062
thanks anon. the other thing im confused about is i have never once actually paid for a cryptocurrency. i mined everything and traded to where i am now. do you know how that comes into play?

>> No.21470478
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21470478

>>21470177
Sort of, I'm Australian so our crypto laws are kinda different. But basically for you its a two step approach:
1) all your mined crypto will count as additional income (see image for more info). Find out how much you mined and at what price.
2) your trades will count as capital gains. Use the website to see you profits for each year and find out your Capital gains tax for each year.

>> No.21470518

>>21469028
Finally you brainletts realized its easier to pay the tax man

>> No.21470544

>>21470092
Do NOT do this, those retards there wouldn't do any better than op guessing

>> No.21470553

>>21469028
What country are you in?

>> No.21470880

>>21470553
burgerland