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File: 217 KB, 720x432, you WILL pay the taxes.png [View same] [iqdb] [saucenao] [google]
30252209 No.30252209 [Reply] [Original]

April 15th inches closer and closer.

You have already filed your return, yes?

Making sure to mention every single crypto-crypto trade, yes?

Don't try to cheat Uncle Sam out of his fair share, anon!

>> No.30252324

>>30252209
Crypto? Whats that?

>> No.30252453

>>30252209
Made so much money in staking but I don’t want to report it due to the headache of calculating all that shit fuck no. I would rather pay when I cash it out those staking gains. Am I about to get jewed biz.

>> No.30252591

>>30252453
I don't think, unless you withdrew any staking rewards, those funds are not yet under your control, so how would you be expected to report that as a gain?

>> No.30252646

>>30252453
I don't have to worry about it until next year, but I'll do what I always do, import my wallets and any exchanges I used into token tax and call it a day.

>> No.30252751

>>30252209
Funny because I lost all my gains + a net loss of $2999.99 in a weird scam with monero, sent it to the wrong wallet. Whoopsie oh well, easy come easy go :)

>> No.30252779

>>30252591
I can withdraw them anytime and send them to coinbase and withdraw to my bank account anytime. I consulted with my tax preparer already and apparently staking gains will be taxed as income if left untouched and taxed as capital gains tax once I withdraw to my bank account. Basically it gets taxed twice which is FUCKED UP. Fucking IRS. I plan to just report them as CGT as I withdraw them to my bank account. Bad idea?

>> No.30252789

can you claim gas fees as losses

>> No.30252832
File: 175 KB, 800x600, 2f46da6b06524091f932ab6a65db9914.jpg [View same] [iqdb] [saucenao] [google]
30252832

Flying frying sighing dying

The --ABOLA X-- calls

Twenty-two seventy-three the probability matrix

CallsToMe

What? A darkness chill

[ AM-2201 ] It tells me to kill

Two dancing fractals

Singing the song of infinity

One-two one-two double-threeSIX

The boatsman took me down river styx

The void is growing

>> No.30252839

>>30252591
Normies....

>> No.30252939

>>30252839
I hate when these influxes happen. Fucking GME

>> No.30252987

>>30252209
Yep, was holding out for a bit because I was hoping I could use my 2019 returns to qualify for the next stimulus wave, but decided it wasn't worth the wait any longer

>> No.30253137
File: 2.90 MB, 500x540, 1479597591721.gif [View same] [iqdb] [saucenao] [google]
30253137

>>30252209
Already filed. Uncle Sam knows all about how I lost $76 in Crypto last year.

>> No.30253201

>>30252779
It probably depends on the platform but I would consult with your CPA first. ;)

>> No.30253202

I owe far less than I did in 2019, so I'm not too worried.

>> No.30253223

Yeah, I paid my taxes.

>> No.30253943

Do you guys think aliens exist? Do you think they have to pay taxes too? I bet the little guys have to pay taxes to the tall ones.

>> No.30254125

>>30252209

Are ETH gas fees tax deductible ?

Asking for friend.

>> No.30254206

>>30252779
where do you draw the line? if double taxation is fine, why stop there? why not tax it three times? how about a green tax for the energy you are expending by staking? It's not like you're going to do shit about it, are you?

>> No.30254210

>>30254125
here's a quick tip:
does it benefit you?
answer: you probably "can't" do it

>> No.30254357

>>30252209
>April 15th inches closer and closer.
>You have already filed your return, yes?
>Making sure to mention every single crypto-crypto trade, yes?
>Don't try to cheat Uncle Sam out of his fair share, anon!
Haven't paid crypto taxes since 2009.

Its a joke.

>> No.30254424

>>30252209

Yeah and I regret it because I forgot about stimmy checks. I made 20k in 2019 and 95k in 2020. Turns out they go with your most recent return for eligibility. I live in CA so I’m missing out on the $600 Newsom-bucks too.

>> No.30254592

imagine unironically paying taxes lmao. fuck off kikes you will not get my money for niggers and israel

>> No.30254669

>>30254357
honestly what's stopping me from not paying taxes on crypto?

>hurr dur you'll get audited?
Oh, they'll manage to catch me out of hundreds of millions of people in this country?

>> No.30254799

>>30254669
>honestly what's stopping me from not paying taxes on crypto?
Buy crypto, move to hardware/desktop/phone app wallet.

Trade within the wallet itself.

convert crypto to usd overseas.

>> No.30255131

>>30252209
>already filed and received my return
>didn't mention my crypto at all
Guess they either don't give a shit or my exchange didn't report anything kek

>> No.30255214

>>30254799
>convert crypto to usd overseas.
how do I do this?

>> No.30255721

>>30255214
>how do I do this?
overseas exchanges

>> No.30255775

>>30255721
thank you, anon.

>> No.30255951
File: 5 KB, 335x41, Screenshot_4.png [View same] [iqdb] [saucenao] [google]
30255951

>>30255775
>thank you, anon.
B.T.C.t.i.p.s

>> No.30256026

jokes on them i sold at a loss so much my losses are 10x my gains but my gains are 5x my initial

>> No.30257019

>>30256026
>jokes on them i sold at a loss so much my losses are 10x my gains but my gains are 5x my initial
You can claim it as a loss, but you won't get much lol

>> No.30257055

>>30252209
I actually filled out my 8949 form yesterday listing every trade

>> No.30257131

>>30252209
The only trade I've made was Monero, Mr. Taxman.

>> No.30257500

>>30253943
They use off world tax havens.

>> No.30257620

I’ll pay for it with my Biden bux

>> No.30258005
File: 114 KB, 620x936, 1494278077191.jpg [View same] [iqdb] [saucenao] [google]
30258005

>>30253943
>>30257500
>They think the ayyys can avoid taxes

Not so fast, extraterrestrials!

>> No.30258352

they catch you, because they trace the wallets back to the exchanges you buy from.

>> No.30258596

Hey to my younger friends that might not be so knowledgeable. If you think the IRS doesn't know about your shit, they do. So the prudent thing is, take out whatever you owe for income tax and hold it on the side. That way you won't get fucked later.

Take it from someone who sold high and then sold low and had the IRS come after them for gains they no longer had. It's much nicer when you still have the gains.

>> No.30258638

>>30252209
don't you have up to 3 years to figure out your taxes?

>> No.30258844

All I do is buy and hold chainlink, not that hard.

>> No.30259350

>>30254125
Yes they are. They are basically a fee to use the network.

>> No.30259448

Lol at all the cucks bending over for their daddy the IRS

>> No.30259453

>>30258638
You do. In the US. You have I think 3 years to figure it out, don't quote me on that. You may pay interest and penalties up till that time. After that, I have no idea.

>> No.30259502

>>30254206
Based

>> No.30259702
File: 29 KB, 500x500, F08A5E40-DA3C-452D-B231-63E81B7CACBF.jpg [View same] [iqdb] [saucenao] [google]
30259702

>>30252209
unfortunately I lost my ledger wallet in a tragic boating accident and my private key was the only tinder I had available to start a fire with while I was stranded in the wilderness for the ensuing 2 weeks
I lost all my financial assets, but I walked away with my life and a book deal

>> No.30259727

>>30252324
Based.

>> No.30260135

>>30258596
>Take it from someone who sold high and then sold low and had the IRS come after them for gains they no longer had. It's much nicer when you still have the gains.
Because you're dumb.

>> No.30260183

>>30252209
No, I’m not planning to. Let them sick their dogs on me, I don’t care anymore. Fuck this country.

>> No.30260345

>>30254206
Yup, exactly this. Fuck their game, I’m going to be a thorn in their side till I die.

I don’t recall needing to keep track of my finances mr. Goldberg, I don’t recall giving you permission to enter my property mr. Shecklestein, I don’t recall splattering your brains across the sidewalk mr schnozkopf

>> No.30260481

>>30259702
>book deal
Based

>> No.30260633

i would just pay my taxes if they just gave me a number and i sent the money but i dont know fucking how. i havent cashed anything out yet and i just lost money on stocks

>> No.30260640
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30260640

>>30252209
Yes I did, I didn't mention a single one, once I make it I will fake a death certificate and cash out in Thailand while getting sucked by ladyboys

>> No.30260672

Good thing I always lose money lol enjoy your taxes suckers

>> No.30260701

What Coin you guys are talking about?

I just found a gem! real use case, new technology, growing like crazy!
https://mochimo.org/

Plz share with me more good projects.

>> No.30260766

>>30260345
based

>> No.30260770

>>30258352
how do i escape

>> No.30260808

>He files his own taxes

>> No.30260967

My 2 cents.. Demanding people keep track of crypto to crypto transactions of unrealized gains is not only absurd it's completely unsustainable. Most people aren't going to bother with it, and trying to audit the thousands of trades done by millions of people seems next to impossible. Unless you're getting into 7fig territory I honestly wouldn't worry too much. Trying to tax unrealized gains is fucking retarded

>> No.30261275

>>30260770
suterusu
dont make me spoonfeed you
they just recently launched their app

>> No.30262505

>>30252209
Don't report. Let them to their own research

>> No.30263108
File: 272 KB, 788x669, XMR feels.png [View same] [iqdb] [saucenao] [google]
30263108

>there are ""people"" who STILL don't own XMR
>these """"""""people""""""" complain about taxes
Couldn't be me

>> No.30263222

>>30252209
Why are you wasting your time making these stupid threads everyday? Fucking loser

>> No.30263274
File: 60 KB, 1080x1141, 1603067104997.jpg [View same] [iqdb] [saucenao] [google]
30263274

>>30263222
because you'll always waste your time in accord by replying, sweaty

>> No.30263512

>>30263108
Honestly xmr is seriously overestimating the competency of the state and its followers.

>> No.30264268

>>30263108
>send funds from bank account to some on ramp platform
>buy crypto
>eventually trail leads into xmr
>IRS woah its gone! nothing we can do!
>suspicious withdrawals into usd from xmr or unknown source
>IRS: seems legit, nothing we can do here
xmr wont save you you retards