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29111183 No.29111183 [Reply] [Original]

$125,000 taxable gains on top of my employment income. I will owe $41k. Moving $40k into a retirement account to try to offset it but I'm still gonna owe $25k after that. Never once cashed out, all crypto to crypto.

>> No.29111674

>>29111183
How did you come up with that number?

>> No.29111851

If you had losses, you can deduct them.

>> No.29111939
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29111939

>>29111674
coitnracker
>mfw i will owe $30k in taxes for jan-feb so far

>> No.29111948

attorney

>> No.29111962
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29111962

>>29111183
did you remember to set aside money for each transaction for taxes? what's the problem here. wait, don't tell me anon...

>> No.29111990

I completely forgot where to go to do my taxes.. turbo tax? Fucks sake..

>> No.29112074

>>29111990
irs has online links

>>29111962
;_;

>> No.29112096

Nah fuck that. They make it so god damn complex and shitty to do your taxes correctly, it’s a miracle people attempt to do them at all.

I always do my best, but fuck collecting receipts and shit. They can fuck off. They get payed my tax dollars right? It’s their fucking job to figure it out, not mine.

They get what the get outta me and if they don’t like it they can simply do their fucking job and figure it out. Taxation is theft and they can all suck my dick.

>> No.29112232

>>29112096
Based
This is the most reasonable way to go about taxes

>> No.29112930

>>29112096
Based

>> No.29113071

>>29112096
say that when the tax man freezes ur bank accs, fucks ur wife and marries ur mother

>> No.29113232

>>29111183
>on top of my employment income
This is the primary reason I haven't bothered getting a job in years, even though I had a comfy IT career. Crypto trading easily puts me in the mid tax bracket already.

>> No.29113334

>>29111939
Do I have to have that for it to track as I make the trades or can it track after I’ve already made trades too?

>> No.29113335

unironically leave the country for tax-haven.
no need to pay morons, or be stalked and fined by them.

>> No.29113440

>>29113071
Too bad for him my moneys in crypto and silver and guns so he can still fuck off

>> No.29113446
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29113446

>>29113071
Happened to me, listen to him

>> No.29113542
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29113542

Glowie, you're fucking fired. -t Your Boss

>> No.29113612

>>29111183
I should feel sorry for you burgers but then again you kinda deserve it for fucking up the western world

>> No.29113653

>>29113612
The previous generations did, now we’re just plain fucked regardless of what we do. Fuck this country and our government. It needs a cleansing.

>> No.29113739

>>29113653
politicians to Gitmo, just for 2 weeks until we flatten something

>> No.29113802

>>29111939
Does this work for uniswap shit?

>> No.29113810

Damn burgerland truly dumping hard since the 50’s

>> No.29113849

>>29113739
Yes anon I like this idea. I’m fearful their continued pontification will lead to violence, they need to be removed for their safety.

>> No.29113860

If you never leave the ethereum blockchain nothing is taxable. Erc20 to Erc20 is not a taxable event. Change my mind.

>> No.29113886

>>29113810
Feels good being born in 91 and knowing there’s no hope

>> No.29113914

>>29113440
Thinking that crypto will never be regulated. Absolute retard

>> No.29113950

>>29111939
Fucking stupid. Keep a spreadsheet and enter them manually at the end of the year. Fudge some gas fees, it's a fucking circus right now they'll never question it long as you pay something.

>> No.29113986

what happens if u unironically get hacked and lose your crypto?

>> No.29113991

>>29111939
you voluntarily set up a tracker that tracks your crypto trades... I'm amazed.

>> No.29114006

I bet if we all just collectively promise that we will just kill any zogbot or tax agent that hassles us over this arbitrary shit, that they would stop hassling us over this shit

>> No.29114016

>>29111183
get fucked ethkike

>> No.29114056

>>29111183
I live in Eastern Europe in a socialist hell hole and my taxes are way lower moreover you can get away with simply not paying them...
Does it worth paying your taxes in the US?

>> No.29114070

>>29111183
if you're in Canada, you can try to disguise some gains as gambling winnings (sportsbetting), it's not taxable up here.

>> No.29114120

>>29114056
No we don’t get shit for it if we are white
Not even kidding

>> No.29114129

how do US tax glow niggers even know you buy and sell cryptos ?
i literally never worried about taxes, i just cash out from by binance account on the same bank account i use to receive my salary

>> No.29114137
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29114137

>>29111183
>have UK&Irish(EU) passport
>moving to Portugal in 2 weeks and cashing out all of my gains there WITH 0% TAX
Amerimutts just have it terribly.

>> No.29114178

>>29114120
Be an absolute retard

>> No.29114253

i heard taxes in puerto rico are only like 4% cant you just 'move' there for a year and sell your crypto and then move back or something? that one jew that hates crypto and loves gold lives there for that reason

>> No.29114289

>>29114129
>bank account
HOHOHO boy are you in for a surprise soon

>> No.29114293

>>29114129
>how do US tax glow niggers even know you buy and sell cryptos ?

Coinbase makes you upload an ID & obviously they have your bank account number

>> No.29114313

>>29114178
Sorry nigger but I would rather be killed by LEOs than pay for you and israel’s Welfare

>> No.29114316

>>29114137
We’re full fuck off

>> No.29114374

>>29111183
Always pay your taxes GOy they are used in worthwhile fashion to support (((foreign))) diplomacy that assures US "freedom" and democracy!

>> No.29114406

>>29111183
Isn't there a minimum amount you can pull out before you get taxed every year?

alternatively consider taxes part of the deal.

>> No.29114437

>>29114006
this

>> No.29114474

The US was a PnD all along kek. Brain drain the world to cuck the best of the best to death. I love it.

>> No.29114477

Oh no i lost my monero
Oh shit i found a monero wallet

>> No.29114489

>>29112096
based

>> No.29114491
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29114491

>>29112096
based, agree 100%.

>>29113071
>freezes ur bank accs
>"judge, we need to freeze his accounts because he paid hundreds of thousands in taxes but he didn't use CoinTracker™"
>freeze his accounts
>mfw take my ledger and dip to portugal

>> No.29114561
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29114561

TAX FUD IS DEMORILIZATION FUD, IGNORE IT AT ALL COSTS, JUST PAY WHAT YOU CASH OUT

>> No.29114572

if burgers move overseas do we still have to pay those taxes that are applicable in our country of residence?

>> No.29114579

>>29113810
yep hippies, faggots, feminism and communism fucked this countries ass till it was prolapsed. can’t wait for the reset

>> No.29114625

>>29114572
are not*

>> No.29114711

>>29111183
They can't legally tax crypto to crypto trades.
Crypto is not a legal currency of any country and does not belong to any country.
A country can only tax their own currency.
Taxing crypto to crypto is the same as taxing gold in an mmorpg. Ridiculous.
I wouldn't pay and I'd blow the brains out of anyone who came to try to make me pay and get away with it legally because they tried to steal from me.
Self defense shooting home invaders.

>> No.29114745

>>29114572
Yes, you have to pay taxes for the first year you live abroad and you still have to pay taxes if you have anything registered to your name in the US. So the only way to avoid US taxes long term is to sell everything and move somewhere else.

>> No.29114789

>>29114579
>communism
you americunts are brain fried

>> No.29114845

>>29114711
Good luck explaining that to the irs

>> No.29114875

>>29114745
well that’s exactly what I am doing. so if I don’t own anything it will be taxes for a year then im good? thanks

>> No.29114922

>>29114006
Names and addresses and the money to find them

>> No.29114976

>>29114845
What Don’t you understand ? The explanation is live rounds
There isn’t enough feds to stop all of us, even if they kill you.
If we all adopt this standpoint they aren’t going to do shit, just like they won’t gun grab

>> No.29115036

>>29114789
Taxation, fiat money and democracy are communism. America is a communist nation.

>> No.29115050

>>29114789
Capitalism was never tried in America.

>> No.29115066

>>29114976
everyone is still way to comfy with everyday life to start throwing it away, for something like market manipulation or a stolen presidency

>> No.29115072

>>29111183
was the swinging worth the 25k or not?

>> No.29115093

>>29114875
https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion
Here you can see more about it. You need to basically be outside the US system completely for over a year to qualify and waiver your income taxes. If you have anything the IRS can track inside the US, they'll tax your income.

>> No.29115143

>>29115093
ty, here’s your upvote friend.

>> No.29115147

>>29115036
Bro who fucking cares your tax money is going to subsidize the existence of nigger families that aren’t even smart enough to know or care about political theory, defense contractors who are perpetuating the lie, and at the top Jews who benefit from all of it

>> No.29115151

>>29114845
You don't have to explain it. As long as you pay them handsomely they will not spend more tax dollars trying to squeeze some extra out of you. They are following the most profitable revenue model, and tracking small time crypto traders to squeeze an extra $50k when they already got 6 figures in taxes out of them is not viable.

Like what this anon said: >>29114491

>> No.29115223

>>29115147
I'm not American so no, not my tax money. But yours will.

>> No.29115261

>>29114976
Haven't you played red dead or gta? Know what happens when you start shooting? It's the same result

>> No.29115271

Move to another country

>> No.29115383

>>29115143
np. I would also recommend applying for the e-residency in Estonia, which will allow you to move money there. That could speed up the process, then there are other countries where you can trade with no taxes like Switzerland or Portugal.

>> No.29115420

>>29114976
Based, im 100% with you. Fuck them come and take it

>> No.29115532

>>29115420
Europoors and most coastal elites won’t ever understand
>but but the zogbots will just kill you!
Yeah I fucking know, and don’t care. that’s the entire point. They don’t care enough either to risk their lives for numbers on a computer.

>> No.29115562

>>29115223
If you're european it goes to subsidize shitholes like Poland and Greece or rapefugees.
If you're from some 3rd world shithole in latinamerica or SEA, it goes straight to the politician's pockets.
Tax avoidance is the only way to protest against governments. It's the only thing that truly hurts them that's below starting a civil war.

>> No.29115578

>>29113986
Claim it as a loss

>> No.29115671
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29115671

>Imagine having to pay tax for trading crypto

>> No.29115759

>>29111183
https://www.youtube.com/watch?v=l0zaebtU-CA

>> No.29115879

>>29115383
>I would also recommend applying for the e-residency in Estonia, which will allow you to move money there
Could you expand on what this lets you do, exactly? Non-burger here.

>> No.29115884

>>29115383
>95 percent white
>no taxes on crypto
guys was Estonia the ethnostate wall along?