Bitcoin exchange mt gox shuts down leaves investors penniless
I'm willing to pay when I deposit it back to a US based bank but I'm not fucking around with logging every goddamn purchase and sale. Go ahead an call me a cuck but I'm paying my taxes. The IRS says very clearly that crypto is property and exchanging property is subject to capital gains taxes. I bitcoin exchange mt gox shuts down leaves investors penniless too many people that were burned by the IRS.
It's not worth it, they will fuck your entire life up. How will the gov find out about a myetherwallet address, or a local btc transaction if you aren't a complete retard with it?
Can anyone tell me if there's anything I have to do for that come tax season? You report your crypto taxes before? You evade taxes before? Interested to here your stories. Do Americans have to report but not necessarily pay all capital gains, even if it falls under the tax threshold? US Supreme Court is right wing leaning so won't ban crypto. Doesn't it seem like I don't need to report it? So basically if you don't have a record of every tx and account, IRS will take everything.
OK got it user! IRS rules currently state that every transaction is taxable. There are several free software tools to go through your trades and determine taxes owed.
Why are you guys such faggots? The IRS has so many crypto tax evaders to deal with that they will be totally happy when you pay your long term gains capital tax. Yes, including exchange transactions.
Crypto is classified as property, not securities, and trading on crypto bitcoin exchange mt gox shuts down leaves investors penniless another is not considered "like for like" in the US right now. The IRS wants its cut now that it's seen how much money is in crypto. Obviously they can't catch everyone but they definitely can start picking out people randomly and making examples of them.
I'd say two of the "right wing" people are actually moderates. All of the left-wing judges are hardline leftist kikes. Yeah burgers are fucked. You need to renounce citizenship or you will always be watching your back. I will never use cuckbase. I will never get us citizenship. Guns are the only thing worth having there but that's it. Coinbase is absolutely fucked, because 1 It is target 1 for IRS, they will get lots of raids by Feds. Come to Canada dude, we have fuckloads of loopholes in our gun laws.
Pic related is a tactical bullpup shotgun that falls in the 'non-restricted' category: Gun license is really easy to get. Next level up in license is required for handguns. Only problems are we have small mag limits and no legal carry. Here are some more at that level tacticalimports. Move bitcoin exchange mt gox shuts down leaves investors penniless a tax haven and cash out soon boi.
Take the certain money and make certain money with it. For you, holding now is unnecessarily risky. You're betting all that you've earned that it will keep going up but as we've seen this week, bitcoin is not invincible. Bitcoin exchange mt gox shuts down leaves investors penniless the IRS has is threats, they actually have no legal standing, there is no laws on the books for crypto, just their fuzzy interpretation of it as property which could be challenged easily in court by a skilled attorney.
Ask yourself why they havent gone after these shitcoin exchanges already. What's stopping an angry room of baby boomer Congressmen demanding these illegal-crypto-hacker types pay taxes and passing legislation for it? From their perspective, crypto is another one of those 'loopholes' that super-elite billionaires exploit to avoid taxes, and it's in their interest to close it. If Coinbase sends out a tax document to every user in February like Robinhood does, then you have to file each trade.
It doesn't need to be complicated though - when you cash out your shit and turn it into USD just pay the taxes on that. The gov will know when you deposit the money into your bank and they don't get a cut. If you want to do small amounts on local bitcoins then do that but keep it in cash - the minute it goes into your bank you're on the hook.
No matter how much you make, a cut will be shared with society. From the penniless to the greed mongers. Don't fuck with the IRS. They will strip your fucking life. Not one joke I said. Now they have all the time time on the world to mine back from the miners, a bitcoin exchange mt gox shuts down leaves investors penniless hole built for the infinitely inched dick of the law. Veeky Forums should be happy the IRS is investigating. Realized losses are tax deductible, you know.
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We also share information about your use of our site with our advertising and analytics partners. Answer this thread Start new thread. All urls found in this thread: Fuck the godless bureaucratic government-backed mafia. This is big actually. The supreme court could get involved faggots.
Freezing Crypto in the US is very very real IRSfags just don't get it. Also white collar crime prison aint so bad. And what about funds held in a smart contract or site like etherdelta? They can get fucked. How many people can one employee even analyze?
Just pay your damn long-term gains tax and you're fine. I'm curious, would this include exchange transactions? Because if so, day traders are fuuuuuuuuuuuucked. Next year is going to be hilarious. Roger Ver was a genius in renouncing his US citizenship. I don't mind paying tax, but why does it have bitcoin exchange mt gox shuts down leaves investors penniless be so fucking hard. In other words, we're fucked. Coinbase dead by Christmas. And this is where SALT comes in handy. Can't wait for the release.
You guys are complicating the situation. If not, then FUK it who cares stop being a pussy. The only reason why anyone here would use a coinbase is to transfer into Fiat.
I have shitty leaf passport but won't be getting that shitty gun. Disable AdBlock to view this page. Confirm your age This website may contain content of an adult nature. About Privacy We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. Today is the greatest day of my life. Anyone else feel like they're learning a shitload about markets from all this?
Did anyone else lift because of him. When will the most coin miners stop mining, because it isn't anymore profitable?