I just got a notice for 2017 as coinbase reported my 1099k to the irs.
THE IRS IS NOW ASKING ME FOR A BILL, INCOME TAX ON THE TOTAL OF THE FULL COINBASE REPORTED NUMBER LESS THE INCOME I CLAIMED ON MY RETURN.
150k coinbase 1099k
75k reported
Theyre ttring to tax me fully on the 75k in money i moved on coinbase as income.
THEYRE DOUBLE TAXING ME. FUCK THIS GAY EARTH.
AHHHHHHHH
Post picture of your ‘bill’
Don't forget to double tip either kid heh...nothing personal
Just don't pay it lmao you burgers are the biggest cucks
This. Don't pay OP. I'm not. If we all stick together then at least jail be fun and we can just chill and talk about our bags. Plus, they won't even be crowded with blacks since the drug related crimes are going to be expunged...itll just be you and your biz bros.
If I keep my profile on crypto . com will I be more safe from the tax jew? CB seems too risky
...get a lawyer?
Did Coinbase send you a 1099?
1099k is not a bill. It is a notice of discrepancy.
fuck you for advertising for the IRS
yes and i talked with my accountant then about it and filed thru him.
aware
fuck these kikes im not one of them
called my cpa
im not paying as i already paid income tax to get my fucking funds to coinbase.
not paying.
im literally shaking rn
sent it to my roastie friend and she goes u know ur ssn is on there? i didnt realize it lol. not showing you cucks anything.
they garnish your wages if you dont pay.
What if I'm paid in Bitcoin?
Same here bro but $15k for me
Probably jail
imagine being an amerimutt in 2019 lmao
Tax lawyer here, how can I help you frens out?
This is why you never sell for fiat dummy heads. Jesus christ
crypto/crypto counts as if you sold for profit and put all the proceeds in the next coin
I didnt sell for fiat and they still sent me a bill I only traded small amounts of crypto and never cashed out into fiat.
This is why you convert your fiat to crypto on coinbase and move those funds to binance where your funds are safu.
is this the 6173 or one of the 6174 letters?
Trading = selling
NEVER
FUCKING
SELL
>next coin
Filthy shitcoiner detected. YUCK
It's not 6174 and I don't think it's the 6173 either, it's just a generic "we noticed a discrepancy" letter, same as you would receive if you had done something else wrong with your taxes
wtf this is beyond racketting, even the mafia would be more fair than the (((IRS)))
land of the (((free))) amiright?
Neither. This is a CP2000. I didn't receive one of those warning letters about crypto (yet?)
OH CAN YOU SEE
>THE IRS IS NOW ASKING ME FOR A BILL, INCOME TAX ON THE TOTAL OF THE FULL COINBASE REPORTED NUMBER LESS THE INCOME I CLAIMED ON MY RETURN.
That's why you don't report.
I didn't report because I only traded and didn't cash out and everyone here said you only pay taxes when you cash out and send money to your bank account. All you faggots gave me bad advice and now I'm fucked
They didn't give you bad advice. You're just an idiot.
What wages? I'm a neet XD
Don’t fucking pay. If Americans stand together and don’t pay taxes, they can’t arrest you all.
Based and FoundingFather-pilled
Never trade or sell on cuckbase guys. It’s only good for buying and immediately moving off the exchange into bitcoin core wallet.
Support bitcoin if you wana get rich retards.
Bro what’s your plan? They messed up right? I don’t think we’re going to need to pay
Apparently I do need to pay because I traded crypto for crypto but $15k is way too high to be correct. I'm trying to find a CPA to fix this mess.
Everyone didn't give me bad advice and information by telling me that I don't need to pay taxes until I cash out? That information is 100% wrong and it fucked me. It was bad advice.
>last week
>”Shitcoin Weekly: The IRS is really going to crack down on crypto shit, says the IRS, they say they have 22,000 letters prepared to send out.”
>psh, yeah right we’re so scared
>2 days ago
>”GUYS WTF I JUST GOT THIS LETTER FROM THE IRS THEYRE TRYING TO MAKE ME PAY $24,000 FOR MY 2017 GAINS BUT I DIDNT EVEN MAKE ANY MONEY AAAAAAAAAAAAAAA”
It is literally fucking happening. Holy fucking shit, Trump cucked you all.
Not showing the letter means fag larping and any post after this is pure faggotry
Coinbase snitched on him you dumb fuck. OP and others didn’t have to do anything. You can’t get out of this. Even if you’re a NEET who’s never seen a tax form before, Coinbase are snitching on you.
A crypto to crypto trade IS NOT a taxable event, as long as the trade was not writen on the blockchains.
Most exchanges do not write to the blockchain untill you withdraw your funds.
What are you? 12? Give me a break.
You listened to people on Jow Forums? That makes you retarded. It wasn't advice. You got trolled.
more than $20k?
PAY YOUR FUCKING TAXES
Yes I listened to retards like this I guess I'm a little retarded too just for listening to them
I never withdrew. Why is the IRS saying that I owe $15k? Are you licensed to be my tax attorney? I'll hire you to fight the IRS if you are.
He can't. People on a message board told him he wouldn't have to. LOL
did coinbase send you a 1099-k?
not mine, but there was a big IRS letter thread yesterday and this was the OPs pic
Uh....yes it is?
I've moved like 4 times since buying into crypto. What if they sent letters to my old places? Would I be fucked or could I argue in court "you fucking retards should have just emailed me"
Why are people even paying this shit when it’s clear half the gov’t cares more about illegals than actual citizens? Billions go missing in Baltimore and no one bats an eye but heaven forbid one of you fags gets lucky from meme tokens.
It is not. Since nothing was traded.
A trade becomes real first after it was writen to the blockchain.
tell it to the judge lmao
keep in mind you fags the govt doesn't have to prove you owe them shit they just have to say you owe them It's up to you to prove you don't
If they accuse you and you didn’t do it, how do you prove a negative? Does that mean they can accuse anybody of misreporting and your only recourse is to drop your drawers and show them EVERYTHING for the last 5 years just to “prove” they are wrong? Then they dig through that further to look for inconsistencies?
With a good attourney, I would win.
Yeah they emailed me one
more than 45% of Americans don't even pay income tax anyways, you really think they're going to put half the country in jail?
just tell them you also bought a coin at 19k for cash, and sold the bottom at 3k and tell them to fuck off.
What if I lost a bunch of BTC gambling? I moved that shit off the exchange.. and it became USD on a Bovada. Does that make it a trade? Can I claim it all as a loss...
The IRS really has to unfuck this before they start going after people because there are way too many unanswered questions. Some tax attorneys are about to get paid tho, maybe I can specialize in this after law school...
>you really think they're going to put half the country in jail?
33% of Americans have been to jail...
This
OP is a LARPing faggot