don't declare taxes on magic internet money in the low 5 figures
there's an unspoken agreement in pretty much every first-world country the taxman isn't going to chase you for 10-20k a year
but if you have to declare it, that should count as gambling gains
point them to your address on etherscan and the smart contract if they're not happy with it
immutable transparent ledger, doesn't get more honest than that
FOMO3D
what country? I wouldn't declare anything if you don't cash out into fiat. If you do end up cashing out into fiat, like the other user said if it's a relatively small amount I wouldn't mention it
With 95 keys I'm not really sure. Depends on how actively people are playing really. If the pot gets huge down the line those 95 keys might net you a nice sack of ETH, just gotta wait and see how things shake out at the end of the round.
Well that's a bit tricky. I'm an American but I live in Europe currently but all of my money I use to fuck around with Crpyto is done with my American Bank. Then I have to deal with the concept of foreign tax credits and by then I feel that any poor accountant who I hire is going to fucking hate me.
You'd be surprised. Last year I made around 11k working restaurants part time and Uncle Sam fucked me out of around 2k. So I guess I'm just paranoid that the government will stick it's hand up my ass the moment I cash out anything over 1.5k into my account.
That's good to know. If there is money to make down the line would it be worth it to buy some P3D? Most anons have been rather bearish on buying that coin.
I have a good amount of P3D. I think if the 3D ecosystem keeps growing then it will definitely be worth it. They plan to add a short version of the lotto too. I'm excited for what they have in store. If you're going to get some P3D message me on discord with any questions and ask for my ref link if you're feeling kind. Dondangles#7199
i bought P3D at 4900 ETH in the contract like a week ago, and now it's at 6800 which puts me above my initial on ROI + dividends
so it has been better than Fomo3D
of course, the difference is with P3D you start at 80% of your initial, AND it could dump below
but frankly, with Fomo3D long just starting, Fomo3D short released in a few days or weeks, i'm thinking P3D holders will enjoy solid dividends and buys without major dumps (unless we go parabolic, ofc)
Also P3D gets you divs from FOMO3D as well!
A genuine ecosystem we have here it's an amazing process.
It really is. And I'll say I was skeptical as fuck at first. But it's literally just another crypto gambling system. Just the house edge comes back to us. I love it.
Win. Don't lose