IRS thread

Every time I learn something new about this man, the sadder I am that his outlook didn't have a greater effect on the trajectory of American society. RIP

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I have been wondering the same thing. I have been using Gemini this last month to get BTC/ETH to binance. Didnt want to take the risk of dealing with anything gay. I wonder if I can call them and ask if my account will be flagged.

>mfw a grand total of 0 burgers on biz know how taxes work in their country.

I want you all to get fucked repeatedly in the ass by the IRS.

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Don't even worry about it. Nobody is going to jail over crypto. At worst, you may have to pay a fine if you get audited.

lmao. gemini sends 1099-k, they did in 2017. don't know their threshold but it's prob 20k/200 transactions

So if i have exceed that in coinbase, can i use gemini instead to be safer?

I guess, but they will report, they were first in line to get a bitlicense. I like Gemini personally but it's probably the last place you should go if you want to avoid the IRS finding out. They will find out though once you cash out enough dollars. It's better to just accept it early or move

cashing out means into fiat , or buying btc using fiat, sending out to binance and buying alts?

who knows now that it's 2018 and like kind is firmly relegated to property and chainalysis has been around so long. maybe they do automatically monitor from the time it leaves your USD onramp. but just my opinion I doubt theyd ever come after you for sending it to binance and not reporting if the amounts are under six figures. they come after you once you have cashed out into USD on coinbase or gemini or to a bank, or to one of their agents on localbitcoins, or to your friend and then deposit that money in the bank.