/biz/ - Business & Finance

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Anonymous Mon Feb 26 21:57:24 2018 No.7985548 [Reply] [Original]

You don't have to pay taxes, if you don't cash out.

>>	Anonymous Mon Feb 26 22:03:39 2018 No.7985647 I'm curious about this. Sites like Microsoft & i'm sure many others accept Bitcoin for payment. So what if you just buy products with your coins & don't ever cash out? BTW - didn't put money in either - but have made $2000 bitcoins by mining.

>>	Anonymous Mon Feb 26 22:05:25 2018 No.7985684 >>7985548 amerifag here. so if I invested $2k in november, have $15k now, do I have to report tax if I didn't cash anything out? Or should I just wait and report when I cash out?

>>	Anonymous Mon Feb 26 22:06:35 2018 No.7985719 >>7985684 Buy your bitcoin with cash in person. Don't buy from exchanges.

>>	Anonymous Mon Feb 26 22:07:37 2018 No.7985735 >>7985647 That would be the best option. Your money is untraceable that way.

Anonymous Mon Feb 26 22:10:03 2018 No.7985790

>>7985684
You only have to pay taxes when you cash out, specifically capital gains tax. Just try to keep track of your trades, so that the IRS doesn't try to declare a tax jihad and audit you. I know if I worked at the IRS I would audit the shit out of anyone who had anything to do with crypto.

Anonymous Mon Feb 26 22:15:58 2018 No.7985901

>>7985647

>>7985735

so you're going to start spending "anonymous " money in verified markets?

>>7985719

how legal is it to sell currency as an individual in large amounts?
would this be money laundering?

does this fall under "money transmitter" regulation?

>>	Anonymous Mon Feb 26 22:18:41 2018 No.7985945 >trade crypto until 2031 >massive, compounding gains every year by doing the opposite of what /biz/ says >cash out 500 gorillion dollars, use them to set up a massive lobbying group for 0 crypto taxes for the 2032 election Rate my plan

>>	Anonymous Mon Feb 26 22:21:01 2018 No.7985990 >>7985945 the world is going to end in the last year of trumps presidency.

>>	Anonymous Mon Feb 26 22:21:11 2018 No.7985992 >>7985790 what's with this "pay taxes on every trade" meme then? Do you pay taxes on every trade after you cash out?

>>	Anonymous Mon Feb 26 22:22:31 2018 No.7986026 >>7985992 exchanging sexurities is taxable anon

>>	Anonymous Mon Feb 26 22:26:46 2018 No.7986112 >>7985901 Wait until Cryptocurrency is readily spendable on real world products you stupid cunt.

>>	Anonymous Mon Feb 26 22:39:32 2018 No.7986368 >>7985990 Last year? Optimistic

>>	Anonymous Mon Feb 26 22:40:45 2018 No.7986393 >>7986112 >2020 I CAN FINALLY BUY PIZZA

>>	Anonymous Mon Feb 26 22:40:48 2018 No.7986394 >>7985945 11/10

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