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/biz/ - Business & Finance

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53986667 No.53986667 [Reply] [Original]

Remember Amerifats: Crypto to Crypto is a taxable event

>> No.53986716

>>53986667
If you make any money on it sure. You cant tax something you're not making any money on. Where would the money come from?

>> No.53986772

>>53986667
land of the fee, indeed!

>> No.53986833
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53986833

>>53986667
>in europe, if cryptocurrencies are purchased and sold within a 12 month timeframe, the tax rate can vary between 24.75% and 52%
>24.75% and 52%
>52%
OH NO NO NO

*BREATHES IN*

AAAAAAHAHAHAHAHAHAHAHAHHAA

>> No.53986852

We need to stop fighting against each other and instead stand together against the kikes.

>> No.53986890

>>53986833
I live in eu(eastern shithole) and its 15%

>> No.53986930

>>53986852
>t. hasn’t ever left their shithole tornado valley/midwestern town

>> No.53986972

>>53986890
I live in based Poland and it's 0% crypto<>crypto tax, and 19% personal income tax / capital gains tax.
Also fuck you retarded burgers.

>> No.53986982

>>53986716

you are retarded, that would only be a tax based on gains

>> No.53987033

>>53986972
Yeah but youre also the janitor of europe you dumb polack. Shut the fuck up and go unclog the toilet looool

>> No.53987073

>>53986667
It is a taxable event in all countries. You will be penetrated in the ass by your tax agency.

>> No.53987126

Yeah but barely anybody makes profits

It’s mostly just trading crypto to crypto to increase one’s stack size in a certain cryptocurrency, usually it’s done with either minor profit that it’s not even taxable, or it’s done with breaking even, or it’s down at a loss. It really depends on what the situation is.


For example I gained 400 chainlink through a crypto to crypto trade today, but in down $5000 from last week. So I am at a loss for dollar value but I increased my link stack by 400 by a lucky crypto to crypto to crypto trade.

So I gained 400 link without actually triggering a profit as the entire market came down but some went down more than others

>> No.53987144

I have never into crypto
this is both financial advice and my tax form submission

>> No.53987168

>>53987126
>increased my link stack
Good news! You will literally never be taxed on that regardless of when and if you sell.

>> No.53987169
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53987169

>>53986890
I live in EU too and it's 0% for me.

>> No.53987189
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53987189

>>53986833
>52%

>> No.53987205

I just trade on defi and don’t pay em

>> No.53987236
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53987236

>>53987168

>> No.53987790

>>53987033
who said I am polish, NIGGER?
NO NIGGERS HERE BTW

>> No.53988330

>>53987790
I said youre polish, nigger. Kek

>> No.53988359

The IRS is not part of the U.S. government, do not pay them a single penny or dime. Fuck these jew niggers.