>make x1000 with XSN
>livecoin only saves the past 30 days of tradings
>I didn't save my trades
>now I can't prove my gains come from legal origin and not selling drugs on darknet or something
I can't cash out to buy my dream house. How do I kill painlessly kill myself?
since when do you have to prove anything. sell for eth, convert eth to cash on coinbase. withdraw funds.
You never did your own taxes, did you, user? You can just report however much you bought and sold at in an excel spreadsheet. If the IRS decides to audit you, as long as you didn't lie, you have no problems. It'll be on them to get the numbers from Livecoin.
that's what scares me the most about making it in crypto, binance has the entire history in their APIs but some exchanges only show the last 30days or 30 trades for each coin, so even if you write it down or pu through the API they can always say
>that's not a proof
Fabricate trade history .csv from binance.
then a sad looking gentleman during an audit will kindly ask you to hand over your API read-keyes to the exchanges, they will laugh at the excel sheet, if that was a proof of anything everyone who wanted to launder some money would be doing it
you dont have to prove anything
convert to ETH and withdraw
nigga do you think the government cares if you're laundering money as long as you pay your taxes?
i swear you morons never step out of your bedroom, open your eyes and you'll see drug dealers rolling with their porsche or ferrari
nobody ever gets arrested for declaring 1MM gains and paying 30% on it, there's zero incentive to do that. put you in jail = now you cost money and you won't bring more moolah. let you be = you'll file more taxes rather than go the corporation in cayman islands route.
you are literally the perfect goy for the government, paying maximum taxes and doing no tax evasion
I dont know about the IRS. Im from Spain and as far as I know you are a criminal by defaut, you must prove that the origin of the funds are from a legit activity, so if you didn't keep track of records you are fucked. I just wanted to buy a fucking house to live off rotting on my mom's flat. HELP
You're fucking retarded. Honestly you deserve 0gains. Tax cuck
talk to a tax attorney, don't go to an accountant or some BS adviser, go to someone who really knows tax laws and can take the position of Us vs (((them))).
>bro just buy a house paying 0 tax xD
I don't think there's anything to do but to have proof of origins of your funds, otherwise you will be paying a big fee or worst case scenario, funds (((confiscated)))
Not only this, but dead exchanges. I have 0 track record of my cryptsy and mintpal trades. I also used a mixer to test how a mixer works back then, and these coins are now mixed so how the fuck im supposed to sell them. This is fucked up.
tax attorney will know what to do in your situation, worst case scenario you will have to sell everything on a black market and keep it under the mattress iving a frugal neet life or try to slowly launder it through your family members who have decent income.
yea you can get easily paranoid if you want to be 100% clean, but there is many people in your situation, like I said I'm sure a good tax attorney who is familiar with all the crypto tricky things will know what to do.
Imagine all those yourtubers/twitch streamers or any other kinds of donations, can you really prove it was done by other people and not laundered by yourself? especially when it's in crypto
>tax attorney who is familiar with all the crypto tricky things
no such thing they are all 100 year old boomers who dont know what a private key is
>donations
in twich i assume there is a log there may an audit happen
adsense its impossible to fake, gogle is too good at banning fake click accounts
i make some money on jewtube and im getting rapped by taxes, there is no way to make it its over
why the hell would you cash out of XSN now?
to buy the dip and keep staking
but if i WANTED to eventually cash out to buy a house, its over because i dont have the fucking tracking of my btc to xsn trades
do you keep it in your own wallet?
I don't know anything about the coin itself but if you can prove later that you held the coin as it was going up in price I think that should be ok.
Imagine how many people had shitload of bitcoins that they had mined with their PCs back in the day. The taxmen all over the world would probably have to take a good portion of bitcoins out of circulation forever claiming them as tainted.
shit user that sucks.
if there is no way to cash out in spain, what about going to andorra or an EU member state with generous capital gains tax rates? is that a possibility?
>t. US citizen and thinking about moving to Puerto Rico for 6 months to avoid paying 30% combined rate
Socialism - not even once.
>he thinks 6 months will do it
residency for a year where you have to be on the island for at least 6 months of the year, correct? or am i wrong?
This is true in the US if the IRS audits you. All your funds haven't paid taxes until proven otherwise. Stay young
Send btc to shapeshift (use vpn/tor) and convert to monero...send monero to different adress...send back monero for btc...open accounts in multiple exchanges (like 10 or more)....connect each of those to different bank accounts (possibly in different EU countries)...slowly sell take the money and fuck off. Exchanges are going to be giving infos to govs (they already are) but if you have under 10k or something in each exchange you are fine.
Another plan would be to buy some anonymous btc prepaid cards and cash out that way...bitnovo (there spanish) are selling them for 20€ each (you pay in btc)...just buy like 100 of them and have them sentiamo to a po box...they have a limit of 250€ unfortunately and bitnovo takes like 2% comissions...
You could also combine method 1 with method 2...the more you spread it out the better
I dont know, the thing is, its the trade conversion between alts that renders a gain that i lost, and that is what matters.
im not sure, to move to andorra you need to live there 183 days plus have like half a million €, puerto rico sounds like a shithole, too far away, i would be depressed there, brown people, no friends or family around pretty much ever, giant mosquitoes, probably thugs ready to pick on white bois
no thanks jeff
I knew it. Niggas here think they are Alcapone and can buy million dollar cribs without justifying where the money came from lmao
The thing is we people that lost trading history in dead exchanges or dumb ass exchanges lie livecoin with no transaction history are pretty fucked as long as I can see
spain is fascist
Yeah and when you are about to buy a nice 500k€ crib they will ask where the money comes from
seriously that shit doesnt work if you want to buy property
I DONT CARE ABOUT PAYING FUCKING TAXES (i hate it but whatever) THE PROBLEM IS THESE NIGGAS MY CONFICASTE MY SHIT BECAUSE THEY FIND EXCUSES ABOUT HOW I DIDNT SAVE TRADING HISTORY IN SOME SHIT EXCHANGER YEARS AGO
this is fucking nuts
just buy it with bitcoin
Boi chill wtf !?
You live in a semi civilized cunt.
Go to your tax office and tell them what form should you fill for tax for X amount of money earned from crypto profits. Also what %s should you pay giben your estimated profit.
That is fucking it.
Now chill. We have fun here.
But what if your poppy left you $1MM in cash 20 years ago ?
Does the state have proof you did illegal shit ? If not you are 100% clear.
Stop lieing to poor anons.
they will ask where the bitcoin come from
cope
if you cant prove origin of funds you are in trouble
outcome is random, who knows what these fuckers decide to do with your money
this is the fucking problem mong
fuck this guys
i earned my money decently, im not a criminal
i just want a house, i cant be living with my mom im too old
>decently
i mean its a legal activity
gtfo man
>convert into bitcoin
>send to localbitcoins
>trade it like 10k dollar per trade
>hire 2 people from a privat security company for the transaction in a public place
>???
>profit
I am retarded, you wanted to buy a house with it afterwards forgot about that part.
just don't make a mess