Imagine being an americuck

Imagine being an americuck

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>2018
>Imagine not being an American

when is this faggot pumping ravencoin?

why would you cucks tell the IRS about your trades?

if you want it back in FIAT in your bank account you'd have to explain where the money came from as you'd most certainly be audited.

>not trading to fiat and then fucking waiting
>being a greedy dipshit who thinks it’ll just go up forever

Anyway, crypto to crypto should be like kind (it’s not but it should).

Especially if you are in the negative.
>Please report all your trades to the IRS even if you are in the negative so we can turn you into a debt slave for trading chuck e cheese coins on the internet that we won't even acknowledge or treat as a new asset type which they are

How are you going to cash out your gains? 100k is nowhere near enough capital where people are going to give enough of a shit to help you tax evade.

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Where what money came from? Are you cashing out negative money?

Imagine reporting all your crypto trades like a good goy

>implying you shouldn't be penalized for converting crypto back into fiat.

Please read OP again. You don't have gains, you lost money.

She should have set aside the money needed to pay taxes as soon as she made the trades. Otherwise she was trading on money borrowed from the IRS. Leave it to women to be so stupid.

Imagine live in Europoor. You have countries where you only pay when you retire to fiat, others where there are no taxes for crypto, even you have countries that act as tax havens inside the EU.

Americanfats you have all the bad things of socialism and capitalism.

>buy 100k wotrh of bitcoins
IRS doesn't knows what happen from now on
>sell 50k worth of bitcoins
>"Yes IRS agent, I lost 50k. No capital gains."

this guys an idiot. using exchanges like binance that are offshore you dont ever have to report anything to the irs. its really fucking simple. you just report your crypto>fiat cashouts and make up the story that you just held one crypto to X dollar level. they cant subpoena chinese exchanges for data.

imagine being so fucking retarded that you report EVERYTHING to the IRS which was made to STEAL MONEY FROM YOU

this is why im a no coiner unironically

Unless they get all the trades from exchanges which they will eventually. Make no mistake, they can still fuck you in a few years if you didn't file taxes. Have fun in prison.

That's not how the law works and just tax evasion. And you are underestimating the IRS.

Is that really all you have to do?

If you sell the coins that have lost value after you bought them you can offset the capital gains with capital loss.

Then convert through bisq btc to xmr and back to btc

You realize that most exchanges do not operate under US jurisdiction, right?

Oh no, what are they going to do?What if theyhrow me in white collar prison and give me 3 hot meals a day and enough room to work out and read all day while my hidden coins moon in the next bullrun. Fuck that would be terrible guys

Incredibly backlogged government agency with barely enough manpower to operate as it is lol

The IRS doesnt care about your chump change gains you made trading on binance

would it have been different if this was stocks?

This isnt accurate

Imagine being this much of a cuck

>Not cashing out in Costa Rica or any Latin American country

lol stay robbed idiot. offshore exchanges arent bound by US law since they are outside US jurisdiction.
yes
at least someone else gets it

explain the process rhett

this guy is so bluepilled. pay your fair share of taxes ie: pay your w-2 taxes and pay your crypto>fiat cash outs and they are NOT Going to come after you. they only come after people that actually dont pay taxes at all and have hundreds of thousands or millions in the bank

Imagine actually paying taxes like a faggot

I live in a Caribbean country that (currently) doesn't give a shit about trying to tax people for daytrading crypto
For most of my life I've envied people who live in the US for so many different reasons. Crypto is the first thing that ever made me glad that I don't live in the US. The tax laws over there are ridiculous

Have made millions, have not paid taxes 8)

I used to do affiliate marketing, and in the span of one year I went from no income to having about $200k deposited from foreign companies. After expenses though (mostly paid advertising) my profit was only $20k. I was scared shitless that I was going to get audited and ass raped because I did an awful job of record keeping, but all I did was report my total expenses and nothing ever happened at all.
I think a lot of people are blowing out of proportion the risk in not reporting every crypto-to-crypto trade.

>paying the IRS when the government isn't positively influencong blockchain and just want to collect your money so they can abuse it for their own saggy, aged asses

Die

Good. They don't pay taxes one way or a, so fuck them

>all these goyim who didn't learn how to structure trades at temple every Sabbath
I guess they don't teach you Gentiles how to trade tax efficiently at sunday school.

this
make some sort of effort to pay something and you will be fine

I owed 150 on my trades. I paid it. :(

lmao good luck getting anything from chink exchanges, or fucking decentralized ETH exchanges

No they don't. They're too busy wanting to crucify the based white men of this planet

I replied to the wrong postExcuse me