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/biz/ - Business & Finance

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24180374 No.24180374 [Reply] [Original]

COINBASE REPORTS YOUR WALLETS TO THE IRS! ALL SWAPS ARE TAXABLE TRANSACTIONS!

>> No.24180400
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24180400

>>24180374
just don't use cuck base

>> No.24181163
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24181163

>>24180374
>YOU MUST PAY YOUR TAXES ANON! IF COINBASE REPORTS YOU ITS YOUR OWN FAULT!

>> No.24181299
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24181299

If you use jewbase immediately withdraw any purchases and move it through multiple wallets. Hide your money from those fucking Jews asap or risk terrible consequences. They have a history of freezing accounts. I remember this was a problem back in 2015. Fuck those globohomo jews.

>> No.24181362

>>24181299
why multiple wallets?

>> No.24181469

who cares.. it's 15%.. that's less tax than you pay waging, that doesn't include the additional $ you pay for corporate health insurance that is used to subsidize boomers at your job that don't do shit. quit being a faggot and pay your taxes.

>> No.24181536

>>24181469
>who cares
I want to see you pay 15% on your stack everytime you switch coins.

>> No.24181658

>>24181536
Only 15% on the appreciation bitch

>> No.24181683

>>24181536
you only pay 15% on your gains, not 15% of your stack every time you swap.
why are you retarded?

>> No.24181723
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24181723

>>24181299
>multiple wallets
Now they know about all of your wallets.

>> No.24181733

do they expect you to meticulously enter in every single trade?

>> No.24181795

>>24181683
this
and it always depends on your country
and pretty much everywhere the tax situation is disputed, so please anons seek tax advise elsewhere and not here
>>24181733
I would at least keep record of every transaction

>> No.24181863

>>24181733
Coinbase conveniently saves your swaps and exports them to a 1099 you will be expected to file. If you moved any money through coinbase then you will be expected to meticulously enter every trade (which had profit) on any connected wallets.

>> No.24181926

>>24181795
>tax advice*
business and finance

>> No.24182520

Technically you're supposed to report any used games you sell on Ebay, you think IRS cares about $200 you make selling games on ebay or a minor $200 you make swapping coins on coinbase? They only care about larger transactions that result in a $20k+ gain. Hence coinbase only sends you that tax form if you make trades that total to $20k or more in a year.