>crypto to crypto is a taxable event in my country
>mfw I've used like 10 different exchanges to trade shitcoins and swung stacks hundreds of times
>reporting it all would genuinely take weeks of work and I'd probably lose money overall in the end despite my gains
Should I just not tell them bros? What if they find out? I'm scared please I just wanted to make real money using fake internet money. Fucking kikes this isn't fucking fair!
Crypto to crypto is a taxable event in my country
Ryder Watson
Other urls found in this thread:
micky.com.au
twitter.com
Easton Perry
Same situation OP
Also made money in etheremon, how do I explain to the IRS I made money in a ponzi?
Ethan Wilson
>mfw i had tens of millions in trade volume in 2017
>mfw i owe over $300k in taxes
>mfw my stack is only $120k after HODLing my fucking ether
>mfw im not fucking paying
Logan Baker
>paying taxes
Gavin Hill
Hire someone to assess your situation? I thought mine was gonna be brutal but it ended up being not so bad
Huljevcpa.com/cryptocurrencytaxation
Owen Fisher
Bitcointax . com
Anthony Kelly
>Continuing to trade coins that are banned in the US
Levi Gutierrez
Don't pay, less than 10k they aren't gonna even fuck around with. Could also claim them as zero cost and pay tax on everything you pull out like it's 100 percent profit. They won't fuck with you, but you might be losing your ass
Isaiah Cooper
Unfortunately I lost my crypto keys in a boating accident word is some diver might have found them and spent them idk though
Juan Long
plausible
Luis Anderson
micky.com.au
Holy fuck this is going to be me isn't it am I going to jail if I can't pay please I don't wanna
Bentley Morales
Just burn all your private keys retard
Eli Lee
What region of the world?
Jaxon Jones
Checked
Aiden Martinez
Australia. I'm finding dozens of articles about people getting assraped right now.
Eli Anderson
i've mostly lost money through daytrading and it's not even that much (1%) so i just plan to pretend like i never traded
Colton Williams
The point of crypto is to take your keys and live in Malta.
Robert Cruz
>taxes
Angel Wilson
if only someone would invent a machine that was good at doing arithmetic quickly... hmmm.
Angel Barnes
James Edwards
Couldn't you just use the net gain/loss throughout the year?
Joseph White
good thing for you the irs probably doesnt care too much about the 200$ in various shitcoin gains you've made
Tyler Green
This is believable. My phone went overboard when I was sailing.
Probably the most Jow Forums thing I ever read.
Gavin Jenkins
the ATO says no.