Do you keep track of all of your transactions and trades ever? Including bitcoin to shitcoin or between shitcoins?

Just say you won it playing poker or blackjack or something and claim it as gambling winnings on your taxes. Don't take it all out at once. Take it out slowly. You'll be fine.

I live in the US as well. I've cashed out close to 6 figures and have no plans of ever paying taxes. IRS ain't gonna do shit.

IRS is gonna fiddle your booty hole

how did you cash out? straight into your bank account? damn you're retarded

Nice LARP.

They'll probably try to crack down even more in the coming years but I highly doubt.
No larp, friend.
>pic related

Attached: cashout1.png (703x326, 24K)

That is a good pepe.

So you haven't even filed taxes for 2018 yet

guarantee by 2020 the IRS is going to be up your asshole

if you plan on paying taxes, good for you. otherwise you should have taken a cruise to the cayman islands and done a cash withdrawal

brainlet

This pic is not yours LARPing faggot

>paying taxes on crypto

Attached: just.jpg (512x360, 71K)

K I dunno how else to prove it besides this, faggot.

Attached: gemini1.png (774x352, 36K)

how woud you cash out let's say 500k to buy a house?
it's easy to be smart and smug when you have 10k with no hope for more

are you retarded? see: little by little, you can't do it all at once

if it was that easy why do people even try to launder money? why wouldn't all the criminals just convert their dirty money to crypto and cash out everything in Cayman Islands as if nothing happened? why would they risk getting caught in the us/europe living a life of constant stress instead of enjoying a nice beach house?

Of course I filed taxes for my 2017 job earnings. Technically 2018 income gets filed with next year's taxes. So I have another year to think about it.

faggot

What's the big fucking deal just tell your case and you'll be fine. It's completely understandable given the situation.

yea I think OP and other people who lost records will get a pass but one day most countries will have their official recognized/regulated exchanges which will be the only ones to legay trade and using binance or whatever will be considered a black market and that money/coin will be "tainted"

>"tainted"

Attached: taintedturd.png (212x278, 123K)

Look at you. You maaad
youtube.com/watch?v=VOJTIOQQPSQ

lol not an issue where I live

Well I hope so. The question is, there is no way to guarantee that they will. What if they decide to fuck you up and confiscate your hard earned money? fuck.

Hopefully in like 10 years BTC is world reserve currency and people that has held it for 10 years get a default just like the default on the unpayable fiat debt or something.

Attached: 1 btc club.jpg (1545x2000, 505K)

LARP. You could be raising alarms eventually an audit would fuck you up since you already lied.

And are you aware Bitcoin is going to $1,000,000 per coin in the next decade right? have fun trying to slowly syphon in millions of shitcoins worth of BTC.

>not understanding the blockchain does this for you.

you already pulled your balance from US based exchange Gemini (in NY) and deposited it into your US account

there's nothing to think about any longer, you'll go to jail or pay an absurd fine

Yeah, you cash out 500k in small chunks after literally years, you have all this 500k cash, then so fucking what?

When you buy a property the government will know you own it and they will ask where the money came from.

Is anyone above 12 years old here at all?

Pretty fucking sure these big amounts are automatically being sent to IRS or whatever equivalent in your country via algorithm the moment they hit the bank

>Mr. Taxman, I was gifted these bitcoins/I have had these bitcoins for many years
>*shows random custom-made PDFs as """proof"""*
>thanks Mr. Taxman

americans have to pay taxes to the US govt. even when traveling or living abroad...

No dumbass, the blockchain doesn't say who moved what.

If you send coins to Mintpal, do your trading thing, earn some BTC worth of shitcoins, then when you are done you send back your BTC + the BTC gains into your wallet, in the blockchain there's no way to know that was you trading BTC for X shitcoins in Mintpal then going back to your BTC wallet.

That's why people take screenshots of the exchange and download excel files. And that is why its a fucking problem if you didn't manage to get that data before the fucking shitcoin exchange died.

Now I have these coins withdrawn in my Bitcoin wallet and if asked I couldn't prove that they are withdrawn from my Mintpal account. Same goes for any other exchange in which you don't have track records.

Now this becomes a gamble in which they may or not fuck you up depending on the feet they woke up with.

Given this fact, looks like the only sane thing left to do is to keep it in your wallet where it's 100% safe until some clear guidance is given by then cause things are still grey area as fuck.

It doesn't matter where you are from anymore.. all banks are inter connected. Also what's the point, you go there, sell your BTC for cash and apparently they don't even ask where the money comes from there?, then put it in a cayman island account... then what the fuck do you do? you have all that money there which you can't spend, unless you permanently move there, and these places are probably expensive as fuck or shitholes with no people in.

I would rather pay my taxes like a good cuck but at least live comfortably in my country, not needing to move to some remote shithole. Im just concered about the partial loss of track records I had, that's all.

Theres still a record of every transaction in the blockchain, so you could find out where every coin came from,

are you people in crypto since yesterday? he already explained to you that the trades on centralized exchanges aren't happening on the blockchain, it's all IOUs signed to specific accounts and then once you withdraw it gets taken out of the exchange big ass wallet with everyone's coins mixed together

I ask you: How.

I can only prove what's on my end (the bitcoin wallet) by digitally signing that I own these addresses (I doubt the boomers in the government even know how any of that works) anyway, the problem is, what's on the exchanger's end is now dissappeared, out of context, it's just a transaction into an address with no metadata, that goes back into my wallet. And exchange withdraw transactions typically involve a fuckton of inputs so your coins will look like they are mixed. The trading history is also not in the blockchain, these are all off-chain transactions.

technically speaking screenshots or pdfs aren't a proof at all because I can fake thme however I want, actually even if you hand over your API keys to show your exchange account data with trading history the taxman can say it's not a proof either because you paid CZ to fake those trades since it's not a government-recognized exchange.

Like I said I think we will all get a pass but one day the governments will create or grandfather in some specific exchanges that will be the only kosher places to trade crypto if you want to have cean hands. There will probably be some built-in systems that calculate and deduct taxes automatically too.

RIght now the safest thing you can do is hold your shitcoins in your own wallets so if they moon 1 day you can show them that you held them since they were very cheap and that's how you made you millions