Everytime you made a trade with cryptocurrencies, you owe the gov't a piece of the pie. These taxes will escalate if you day trade. It's possible to owe the IRS more money in trade tax than you even have to trade with.
Advice? Don't report your crypto earnings.
Literally every trade I've made this year has been a loss.
Come at me.
Your gf is pregnant.
Taxation is theft.
Tarriffs are too.
>It's possible to owe the IRS more money in trade tax than you even have to trade with.
What are capital losses?
But you are not the father
Hard to tax losses. Nice try Govt
You realize you only owe taxes on the profits right?
Reminder: Taxation is theft
yeah, fuck off
Imposible to tax or freeze or expropriate Bitcoin.
Just never cashout in USA
What happens when the pussies that own the exchanges decide to give you up to the IRS?
>Bet it all on some shitcoin
>Dec 31st it moons, and you sell
>Jan 1 bet it all on some other shitcoin
>Lose it all
Now you owe taxes for a million dollars and you can take only 3k off as capital loses
Marry azian girl and do on shes name
You not need any exchanger to hold Bitcoin, download the electrum wallet
>Implying i have ever given anyone my id in crypto related matters.
TFW you only use exchanges that don't require ID, but you signed up with an email which contains your full name.
>What happens when the pussies that own the exchanges decide to give you up to the IRS?
Nothing, because nobody gives a fuck about crypto. Most people still know what it is. Including the IRS.
>t. guy who has less than $500 worth of crypto
Not in the UK, feel sorry for you Yanks
Getting taxed on something that isn't a security...
Ok. The thieves have guns, know where you live, and are happy to detain you and take from you by force.
Now what?
>he's american