Do people on Jow Forums actually pay tax on every crypto trade?
Please assist me with a poll.
strawpoll.me
Do people on Jow Forums actually pay tax on every crypto trade?
Please assist me with a poll.
strawpoll.me
IRS nigger fuck off
no IRS, genuinely curious because umm, yeah no reason
I cashed out $70k+ in profit in the Q1 2018. I don't plan on paying taxes. I'm financially prepared to deal with taxes + penalties in the future if the IRS comes after me.
Me and my reporting is fucked for 2018.
i've cucked and always paid my taxes desu. i don't give a shit, I don't want them to take all of my gainz. it's fucked but pay to play bro
what exchange did you use to cash out $70k user?
fuck off glow in the dark IRS nigger
I used Gemini. But I also bought through Coinbase, Poloniex, Bittrex, and Binance throughout 2017. I didn't receive a tax form from any of the exchanges.
My cost basis and proceeds are way too high but my closing positions and taxes owed are lined up w my trading from 2018. Could I get away with forming my own cost basis and just sending them a bill? Would I get audited? Tax software I had a cost basis of $2mm and I dont know why.