[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 106 KB, 728x720, 52C6A136-FDF1-4737-A0A0-CF677936D7A3.jpg [View same] [iqdb] [saucenao] [google]
6866180 No.6866180 [Reply] [Original]

We don’t have to track our trades/taxes if we don’t cash out r-right?

>> No.6866268

>>6866180
Why wouldn't you? The law very clearly states that you do. Oh and if you hold more than 10k in assets in a foreign account, you have to declare that too. Conveniently the fine for that one is 10k.
Not even joking google "fbar crypto"

>> No.6866334

>>6866180
Just hide everything in a cold-storage wallet when tax season comes around. In the extremely unlikely event that the IRS asks you some questions, just say that you fat-fingered a trade and you lost it all

>> No.6866399

>>6866180
no youll still need to pay for the trades for that year, so pray to god the taxman is incompetent and doesnt know you owe much more than what you hodl

>> No.6866431

>if you know about this its worse for you
FUCK YOU OP

>> No.6867429
File: 76 KB, 517x650, leafpostan.jpg [View same] [iqdb] [saucenao] [google]
6867429

>>6866268
Not all of us are burgers.

>> No.6867436

>>6866180
use bitflur.com faggot

>> No.6867766

>>6866268

So what if you make up to 9.9k in a foreign account, and transfer it to ETH, and transfer it back to Coin Base and HODL? And just keep doing that, assuming you never go over 10k?

>> No.6868244

>>6867766

Anyone?

>> No.6868332

>>6868244
I'm not saying you have to but i started getting records on all my trades, now that I've reached over 80k, just for protection from irs.

>> No.6869335

>>6867436
SCAM
C
A
M