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/biz/ - Business & Finance

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9895687 No.9895687 [Reply] [Original]

Everytime you made a trade with cryptocurrencies, you owe the gov't a piece of the pie. These taxes will escalate if you day trade. It's possible to owe the IRS more money in trade tax than you even have to trade with.

Advice? Don't report your crypto earnings.

>> No.9895704

Literally every trade I've made this year has been a loss.

Come at me.

>> No.9895710

>>9895704
Your gf is pregnant.

>> No.9895738

>>9895687
Taxation is theft.
Tarriffs are too.

>> No.9895748

>It's possible to owe the IRS more money in trade tax than you even have to trade with.

What are capital losses?

>> No.9895813

>>9895704
>>9895710
But you are not the father

>> No.9895821

>>9895704

Hard to tax losses. Nice try Govt

>> No.9895829

You realize you only owe taxes on the profits right?

>> No.9895839
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9895839

Reminder: Taxation is theft

>> No.9895841

>>9895687

yeah, fuck off

>> No.9896161

Imposible to tax or freeze or expropriate Bitcoin.
Just never cashout in USA

>> No.9896170

>>9896161
What happens when the pussies that own the exchanges decide to give you up to the IRS?

>> No.9896194

>>9895748
>Bet it all on some shitcoin
>Dec 31st it moons, and you sell
>Jan 1 bet it all on some other shitcoin
>Lose it all

Now you owe taxes for a million dollars and you can take only 3k off as capital loses

>> No.9896223

>>9896170
Marry azian girl and do on shes name

>> No.9896243

>>9896170
You not need any exchanger to hold Bitcoin, download the electrum wallet

>> No.9896493
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9896493

>>9896170
>Implying i have ever given anyone my id in crypto related matters.

>> No.9896522

>>9896493
TFW you only use exchanges that don't require ID, but you signed up with an email which contains your full name.

>> No.9896569

>>9896170
>What happens when the pussies that own the exchanges decide to give you up to the IRS?

Nothing, because nobody gives a fuck about crypto. Most people still know what it is. Including the IRS.

>> No.9896770

>>9896493
>t. guy who has less than $500 worth of crypto

>> No.9896781

Not in the UK, feel sorry for you Yanks

>> No.9897238

>>9895687
Getting taxed on something that isn't a security...

>> No.9897251

>>9895738
Ok. The thieves have guns, know where you live, and are happy to detain you and take from you by force.
Now what?

>> No.9897796
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9897796

>he's american