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/biz/ - Business & Finance

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5886281 No.5886281 [Reply] [Original]

>yfw you realise that every trade is a taxable event

>> No.5886412

>>5886281
all my trades are on binance good luck subpoenaing the yellow jew faggots

>> No.5886524

Import everything to bitcoin.tax and automate the entire process.


Why are people intimidated by this? Stock traders deal with the same thing.

>> No.5886533

Fortunately in my country we get around 11k tax free allowance a year and I haven't surpassed it yet even though my crypto Net worth is 18k

>> No.5886584

>>5886281
No taxes in my country

>> No.5886615

Poor Seppos, lel

>> No.5886660

>>5886281
>>yfw you realise that every trade is a taxable event
Haha is that so, fellow legal tax paying citizen? Unfortunately I wouldn't know, haven't made any gains in crypto this year haha. Not a single penny, so that's that! Heh. :^)

>> No.5886708
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5886708

>yfw you realize when you actually 'make it', there's no reason to stay in the US anymore

>> No.5886772

>>5886281
how do i calculate tax when i'm trading from btc to alt and alt to btc

>> No.5886852

it's fucking over for me then lads
>200k+ portfolio
>all accumulated by buying and trading shitcoins back and forth on shady exchanges (yobit etc)

no chance in hell of getting all that data.
looks like i'm gonna have to start wagecucking again after all

>> No.5887137

>>5886852
I mean they just want what they're ((("owed"))) why not just cash out when you cash out and still pay the appropriate taxes? Better than working a wage where you'd still be paying taxes.

>> No.5887384

>>5887137
Why would people want to cash out when cryptocurrency is the future?

>> No.5887474

>>5887137
the point is that even if i cashed out and wanted to pay tax i don't have logs of every trade, and therefore can't prove the money came from legitimate speculative trading (rather than laundering/selling drugs)

>> No.5887668

>>5886852
just buy things with crypto you dunce

>> No.5887721
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5887721

>>5886281
>yfw not americuck

>> No.5887860

>>5886281

lol stupid americans. Keeping fomoing into that pump train ahahuahuahwuewhauehaeh

>> No.5887880

>>5887474
Am I retarded and not understanding how tax law works or am I missing something? I thought if through your trading history you didn't exchange any of your crypto to fiat you can't be taxed? Wouldn't you only be taxed on the amount for each year you convert to FIAT?

>> No.5887903

>>5887668
>hey anon, we saw that you've been unemployed for years yet it says here you just got insured on a 2017 audi, how'd you afford to buy a car? why don't you take a seat over here"

>> No.5887967

>>5887474
>>5887880

Lol I didn't read the end of your statement.