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/biz/ - Business & Finance

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7285024 No.7285024 [Reply] [Original]

http://www.strawpoll.me/15000729

Do you plan on filing?

>> No.7285133

Of course. I only have losses to report

>> No.7285171

I didnt cash out yet so no

>> No.7285177

>>7285024
Yup. I cashed out a gigantic amount of money. (High six figures) I'm going to report everything and then start a business.

>> No.7285876

>>7285171
If you traded in 2017, you still owe taxes whether you cashed out or not.

>> No.7285900

>>7285133
2 real bruh

>> No.7285907

Na under 10k worth im exempt

>> No.7285922

>>7285177
good luck and blessings anon

>> No.7285937

How would they know either way? I traded, doubled my money then spent it. I cold easily say my account was hacked and someone sent the btc to an unknown wallet b/c all it would show is one transfer of all my btc pretty much to a different wallet then that's it. I mean should I report it as a total loss?

>> No.7285959

>>7285024
how much of a fucking cuckold do you have to be to literally pay taxes on your fucking crypto

>> No.7285978

Yes, i never want to have to worry about it

>> No.7285996

>>7285024
i make less than $20k/year and all i did was buy $4k worth of ETH on cuckbase and instantly transfer it to an unverified binance account to trade shitcoins. even if i make a million dollars i'm not paying taxes senpai because i'll just sell it locally over localmonero. $1-5k at a time and live comfy

>> No.7286006

>>7285024
why are the bar charts not the same color as their corresponding pie chart segments reeeeeeeee

>> No.7286011

>>7285024

I lurked for months and purposely waited until 2018 (this weekend) to buy anything, so I don’t need to settle up this year. My dad is an accountant ;)

Not even rich or Jewish

>> No.7286081
File: 36 KB, 620x413, bernanke 4.jpg [View same] [iqdb] [saucenao] [google]
7286081

>>7285937
Once you're audited the burden of proof is on you. You have to prove the tax assessment is incorrect.

As to how they will know, they have computer systems that flag suspicious activity and departments of workers (often poorly paid) that go through tax returns by hand.

>>7285171
This anon is correct >>7285876. I hope everyone is keeping good records.

>> No.7286133

>>7286081
It's even easier than that. the ENTIRE FUCKING POINT is that ledgers are public

>> No.7286137

>>7286081
how are you supposed to prove an unknown amount

>> No.7286167

>>7286081
prove my monero that i purchased through a vpn on unverified foreign exchanges you irs nigger

>> No.7286191

>>7285876

Nope. please kill this stupid meme

>> No.7286220

Just claim your coin purchases as a business expense. Write off any losses and reinvest your earnings with further purchases (which you claim as a business expense).

>> No.7286222

>>7285177
>Intelligently investing your money
You sure you're on the right board friend?

>> No.7286223

going to just file my taxes like a fucking adult

>> No.7286286

>>7285024

Spent whole day recording each transaction from kuccoin. Having to determine the USD amount for currency to currency trades is shit.Took me hours, and I even used bitcoin.tax

>> No.7286339

>>7286137
You use what is called "Evidence." https://www.law.cornell.edu/rules/fre

>>7286167
Once again the burden of proof is on you

>>7286133
Excellent point

>>7285996
Coinbase is incorporated in the US, they will probably snitch on you. I can't find a legal address for Binance but they're probably somewhere in China or Hong Kong.

>> No.7286379

>>7286223
what does that mean

>> No.7286397

>>7285024
Hey IRS, stop posting these gay fucking threads. We already know you retards aren't smart enough to track every crypto to crypto trade.

>> No.7286450

>>7286339
>Coinbase is incorporated in the US, they will probably snitch on you
they will snitch what, exactly? the simple fact that i bought ETH? that's not a taxable event KEK

>I can't find a legal address for Binance but they're probably somewhere in China or Hong Kong.
they're in hong kong. my account is unverified (meaning anonymous), and i access it through a VPN

fuck off irs NIGGER there is no way i am paying taxes. no. fucking. way.

>> No.7286569

>>7286379
you should probably ask mommy and daddy how to do taxes, or maybe get an accountant.

>> No.7286789

Let me help you dumb niggers out that have not cashed out...sent my coins to my ledger / wallet...you did this right? You’re not some idiot keeping them on an exchange are you? Then you say your ledger was stolen/broken. You guys worry way the fuck too much, which is why we have such massive dips. Someone posts something and you fucks panic sell.

Stop worrying they are not going after you <100k. They will only go after shit that makes sense and will create news so to scare you little bitches.

>> No.7286823

>>7286397
This. Any “muh taxes” thread is an IRS psyops to try and get you to self report. Stop falling for this shit.

>> No.7286826

>>7286789
>Then you say your ledger was stolen/broken
Man, you guys dont understand how the IRS works. It doesnt matter if you "lose" all your money.

All the IRS cares about are the taxes you owe. Whenever you trade its a taxable event. Now yes, you can delay paying your taxes, but taxes owed are taxes owed, regardless if you "lose your money".

>> No.7286855

>>7286823
>what is an anonymous image board

>> No.7286898

>>7286397
Retards don't realize the whole point of an audit is they make YOU track the trades. It's a fucking audit. They make you do the work.

I'm almost 100% positive that all of the idiots that spout this shit have not filled out anything tax-related beyond a w2

>> No.7287022

How do you even cash out? (uk)

Coinbase typical needs some sepa transfer which costs and some alternatives are apparently scammy


Can a nigga get paid?

>> No.7287058

>>7285024
Nope. I only hodl.

>> No.7287071

Yes I plan on filing since my port hit over a million. Id like to sleep easy

And for those plan in laundering good luck explaining how you got that yacht from the "gift from your friend" overseas

>> No.7287100

>>7287022
coinbase and gemini are the main ways to cash out right now, there are also BTM's if you want cash

>> No.7287108

I gave my accountant my Coinbase forms. Made 90k usd from ETH. I have a bunch of random exchanges that make up maybe 15% of those profits but all that matters is the Coinbase forms since it's what I used to cash in/out, correct?

>> No.7287235

>>7285959
This. I didn't choose to put my savings in crypto for the jews to take it. Fuck them.

>> No.7287277
File: 2.22 MB, 4032x3024, 1517643076353.jpg [View same] [iqdb] [saucenao] [google]
7287277

Guys I posted and just got a knock on the door guys in suits fu bizzzz you tricked me FUCK UBI.....

>> No.7287403

>>7285024
Huh, that is a remarkably even spread.

>> No.7287581

Coinbase ratted me out to the IRS, not only that they totally ass fucked me by counting every trade as 100% income, so they reported I made like $250,000 in December alone. Fuck this country holy shit. I wage cuck to and already get taxed to the max. I am an educated professional we are like france before their revolution, the educated peasants pay the most tax to prop up the ultra wealthy millionaire hairs who never worked a day in their life. The millionaire heirs inherit their dynastic fortunes with zero tax now when I worked my whole life to build a career and am taxed like 40% and get nothing from it. I am moving out of this shithole country as soon as I find a country that is not completely cucked into neofeudalism like the USA. "Land of the free" lmao.

>> No.7287593

>>7287277
what is that sludge in the upper right

>> No.7287658

>IRS offers a bounty of up to 30% for whistleblowers on people who tax evaders
>People on /biz/ talk about not paying taxes
>Hiroshimoot reports them to the IRS
When did you realize that /biz/ is a honeypot?

>> No.7287710

>>7285024
I am not americunt.I don't even pay taxes on real money.

>> No.7287723

>>7287658
>what is an anonymous image board, for the second time

>> No.7287775

>>7287723
>anonymous
lul good one

>> No.7287836

>>7287775
Oh you're right, yes this is a honeypot, thats why we've heard of so many stories of people getting kidnapped by the feds by posting on 4chan. So many stories of people getting knocks on their door from the IRS for tax evasion by posting anonymously on 4chan. Yea, so many stories

>> No.7287907

>>7286081
i'm so fucking glad that gox got hacked, i was able to recover my trades from their CSV

>> No.7287944

>>7287836
Why would they make a honeypot public?

>> No.7288116

>>7287944
Yes you're right, stories never leak, a person would never post on 4chan after the feds knock on his door