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22608480 No.22608480 [Reply] [Original]

i read somewhere the longer i wait, the worse it is for taxes (usa). is that true? i plan on holding so i didnt see the need to claim it asap

>> No.22608643

b

>> No.22608745

same boat. i claimed right away because I've heard that if you claim at a lower price you owe less on taxes. then again idek. someone help us out

>> No.22609625

can someone answer

>> No.22609844

>>22608480
This market has become full clown, legit projects dying and fucking scams skyrocketing, what is worse CEXes are fucking scared and want they share and they are following that.
What. The. Fuck.

>> No.22610115

>>22609844
what?

>> No.22610287

>>22608480
youll owe taxes on the dollar value of your claim at the time of the claim, and if you want to hold long term before selling for long term capital gains and the coin goes up a lot, it will be whatever the increase was from when you claimed. so it would have been better as of now to claim yesterday, but that couldnt have been predicted. if yure just going to sell them it doesnt matter, whatever decrease or increase will wash and youll just pay taxes on how much money you made from it as long as you sell this year. if you think the coin is going higher and wanted to hold it over a year, then you should claim it asap but it doesnt really matter that much it’s mostly about getting long term capital gains and having less tax on the claim

>> No.22610333

>>22610287
also, get a lawyer or accountant to help you if you are dealing with big amounts. im neither and my post isnt meant to be advice but rather my own possibly flawed understanding of whats going on.

>> No.22610450

>>22610287
>>22610333
fuck, i should have claimed then? i was waiting for the fees to go down cause i didnt have ether

>> No.22610825

>>22610450
well, depends what you want to do. the investor and team lock up is 4 years. if you want to hold it long term, you don’t even have to claim yet. you could claim january 1 2021 and then would owe taxes only from the value starting at that point. if you want to sell, it doesnt really matter when you claim, the taxes will be based on whatever amount you end up selling for as long as it is in the same tax year you claimed. but again, if this is an amount that is serious enough to really worry about it might be worth talking to an attorney that speciaizes in crypto taxes

>> No.22611067

>>22608480
Don't even try to pretend these interpretations of US clown tax laws make sense. It's all a long term investment until you convert to dollars to spend in the normal economy so that's when you pay tax.

>> No.22611106
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22611106

damn you americans are getting cucked by your gov. hard

>> No.22611240

>>22610825
so even if i claim but don't sell, i still owe taxes? wtf. i am neet and never filed taxes in my life

>> No.22611354

>>22611067
This is what I choose to believe. Fuck the concern trolls, pedophiles, and trannies. These clowns can either get with the times and make their shit reasonable or get forked out of existence by a competitor. A ubiquitous crypto world means I’m the customer not a slave.

>> No.22611685

>>22611067
Retard

>> No.22611789

>>22608480
>2020
>Paying (((taxes))) for some shitty gamble
ngmi

>> No.22611861

How do you claim them

>> No.22611875

>>22611685
>but my Jewish masters told me I have to pay 10x my realized profits in tax