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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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5614545 No.5614545 [Reply] [Original]

Coinbase here, just a friendly reminder guys.

>Please remember to pay your taxes.

>> No.5614594

>>5614545
dont most people will remember when cuckbase hamds over their records and the irs starts fining them

>> No.5614600

Onl once you cash out right

>> No.5614611
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5614611

i dont know how and i have no records of any of my trades

>> No.5614642

Coinbase links to this section for tax information:
https://support.coinbase.com/customer/portal/articles/1496488

Now that coinbase has shown everyone this message, you cant say you didnt know.

>> No.5614722

>>5614545
>Disclaimer: This report does not constitute legal or tax advice. Tax laws and regulations change frequently, and their application can vary widely based on the specific facts and circumstances involved. You are responsible for consulting with your own professional tax advisors concerning specific tax circumstances for your business. Coinbase disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns.
Durrrrrr even we don't know how much you should pay.


Fuck em, not paying shit. SEC doesn't even want to regulate so they can suck muh dick.

>> No.5615303
File: 4 KB, 799x96, taxbasiswtf.png [View same] [iqdb] [saucenao] [google]
5615303

I just used that tax-basis and generated a report. So what do I do with this?

>> No.5615351

But I live in a country which doesn't have tax on cryptocurrency profits.

>> No.5615371

Just report all the fees and money You lost on shitcoins as a business loss. Save tons of money

>> No.5615391

>>5614545
>Please clap.

>> No.5615536

>>5614545
cayman islands fag here. someone show me how i can setup a workaround for /biz/ neets

>> No.5615695

>>5615303

Nothing, you don't have to report a loss. You can, but it's only to deduct from your taxes. That # is pretty low, so it would be pointless.

>> No.5615730

>>5615303
Report it. Losses give you a tax credit.

>> No.5615822

>implying you can cash out

>> No.5616299

>>5615303
Post it on 4chin and absolutely STUN anons you managed to make a loss during the most phenomenal bull run in history

>> No.5616370
File: 332 KB, 1440x2560, 200kbynewyears.png [View same] [iqdb] [saucenao] [google]
5616370

>>5616299
I dont think this thing is really accurate honestly. Also, eat me faggot

>> No.5616380

>>5615303
How do you suck so bad?

>> No.5616425

>>5615822
Can't you cash out?

That's because you're a faggot who eats his dad's ass instead of figuring out how to cash out.

Brush your teeth and start again.

>> No.5616662

>Tax Season coming
>Transfer coins to hardware wallet
>Say that they were stolen
>Report a loss
Outplayed

>> No.5616715

>>5616662
wow are you retarded, you pay taxes once you get the money in your bank account, are you going to hide them in your bank account?

>> No.5616764
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5616764

I'll be sure and let my accountant know, Mr Monero

>> No.5616793

>>5614545
my what?

>> No.5616797

>>5616370
Nice coss m8

>> No.5616812

Fix healthcare first. Catch up to what the rest of the world already fucking has and we'll see.

>> No.5616875
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5616875

>>5614545
>lost way more than I gained

thanks for the free deductions, /biz/

>> No.5616910

>land of the free

LMAO what a joke

>> No.5617169

>>5615303
>literally the only person to make a loss in 2017 on crypto

>> No.5617208

>>5615351
Which country is that Pajeet?

>> No.5617299

>currently in Switzerland
>from Portugal
win win, whatever I'll decide to do in the future with my gains

>> No.5617381

>>5617299
vai para a puta que te pariu

>> No.5617400

>>5616910
Land of the laughing stocks
Seriously does anyone get taxed as much as Burgers? Taxed on every trade wtf

>> No.5617413

>>5617381
<3

>> No.5617439

>>5614611
This

>> No.5617471

>>5615303
wtf anon, I sold my normie friend 2000 XRP when it was at 0.24 and he's doing better than you

>> No.5617476

>>5616370
kek you're fucked

>> No.5617487

Joke's on them: I can't pay taxes because of partially degraded service

>> No.5617549

>>5615303
https://www.youtube.com/watch?v=RAkJjPcofck

>> No.5617595

>tfw I fell for the cuckbase jew
Didn't they also destroyed the consecutive grow of BTC by adding shitcoin BCH?

>> No.5617651

>>5616370

If you've got 200k in crypto, you didn't take a loss trading to get there anon, you need to hire a CPA before you end up in prison.

>> No.5617656

>>5617595
no. they saw the trouble btc was in an decided to give people an option once the btc bubble was about to burst. if anything coinbase enabling bch helped deter a major crash

>> No.5618062

>>5617651
I was hoping just to pay the taxes on the 19k I cashed out over the year.

Does the IRS really care about the nitty gritty? If I cashed out 19k and just paid the max tax rate surely they would be fine with that and not come knocking?

>> No.5618079

>>5617549
>>5617471
>>5617169
I was just getting back my initial investments