OHH FUG... How fucked are we?

[Anonymous No.4367659]

>The IRS Is Puzzled: Why Out Of 500,000 Coinbase Users, Only 900 Reported Gains Or Losses

http://www.zerohedge.com/news/2017-11-13/irs-puzzled-why-out-500000-coinbase-users-only-900-reported-gains-or-losses

[Anonymous No.4367686]

>>4367659

>The IRS is puzzeled that all the bad goys have woke up and refuse to fund Israel

Top kek

[Anonymous No.4367687]

>>4367659
Only 900 people made it

[Anonymous No.4367713]

>>4367659
who do you think keeps asking you to post your btc address

[Anonymous No.4367716]

Because we're not going to pay taxes you dirty kikes.

Plus, you wouldn't want me to report my losses. I'd never have to pay taxes again.

[Anonymous No.4367764]

>>4367716
unironically I hope this happens.

burgers give you back up to $3000 in losses, so the psychological burden of having to go through so many cases and hand back so many people such and such amounts of money during a bear market will make them give this shit up altogether.

this was what bcc was all about, protecting us from unfair taxes.

[Anonymous No.4367887]

>>4367713
how do you think coinbase works?

[Anonymous No.4367902]

wait.. I thought when you sell back to fiat on coinbase, and it goes to your bank account, the fee counts as tax deductible?

This is true right? guys?

[Anonymous No.4367903]

/biz/ is fucking going to jail lmao

[Anonymous No.4367912]

I've never cashed out a gain for one thing

[Anonymous No.4367939]

>>4367912
The IRS says you owe taxes on trades between different cryptos though.

[Anonymous No.4367946]

>>4367902
hehe yes, post your btc address please

[Anonymous No.4367957]

>>4367939
I can't believe how many people don't know this.

[Anonymous No.4367973]

>>4367939
>>4367957
I keep hearing conflicting info on this so I really don't know

[Anonymous No.4368025]

2018 is gonna be a shitstorm. In a group thread someone just said: “just got an interesting call from my bank manager that said they can no longer allow me to make transactions to digital currency(coinbase). i must halt all monies going to any digital currency such as bitcoin. i told her coinbase is not bitcoin so what are you talking about. long conversation that i told her i as an american citizen have the right to use my bank account for what i want.”

[Anonymous No.4368038]

>>4367659
only 900 people on green

[Anonymous No.4368062]

>>4367939

If that's the case the exchange should provide you with a yearly report

[Anonymous No.4368063]

murrican tax bear quite agressive, country is broke

[Anonymous No.4368078]

>>4367659
kek

[Anonymous No.4368124]

>>4367939
dont give a shit
ill never make it so i dont care

[Anonymous No.4368231]

>>4367939
Considering the overwhelming majority of cryptos can't be bought via fiat, I just don't see this as feasible. If you're buying anything other than BTC, ETH, or LTC, you MUST use one of those three to "trade" for the altcoin you want.

[Anonymous No.4368284]

>>4368231
It isn't feasible. You are still expected to do it.

[Anonymous No.4368329]

>paying taxes

lmao

Worst case scenario you go to jail, free food, free bed, can play chess and lift weights all day, basically a tax subsidized NEET

How stupid is that? You don't pay taxes so the government spends even more taxes on supporting you

[Anonymous No.4368378]

>>4367973
There's no conflicting info. There's just people that know the law about property trades and how you have to calculate the fair market value of each transaction and USD, and people that just don't know.

[Anonymous No.4368467]

>>4368329
>Jamal wants to fight you because you looked at him
>Jamal knocks you out
>Jamal takes your ass
>Become a sex slave for Jamal's gang
>Never respected
>Get all your commissary stolen

[Anonymous No.4368568]

>>4367659
>Out Of 500,000 Coinbase Users, Only 900 Reported Gains Or Losses

coinbase is going to sell you out in a heartbeat to the IRS once the audit begins.

[Anonymous No.4368590]

>>4368467
i mean they dont put you in the same prison as murders and rapist.

[Anonymous No.4368634]

>>4368590
I think they do

Tax evasion is a serious felony and they WILL fuck you. They've caught far smarter people than anyone on /biz/.

[Anonymous No.4368646]

Kek i been using cn since 201e and used it to cash out at least 50 times

[Anonymous No.4368649]

>>4368467
>>4368590
federal prison isnt where jamal goes. jamal is in county prison. plus the irs usually wont jail you, they will either send you a bill for what you owe or audit you then bill you and fine you.

[Anonymous No.4368662]

>>4368329
>put all money in crypto
>get sentenced to jail
>come out in 10 years
>your coins mooned
>have millions
>already went to jail so double jeopardy protects you

[Anonymous No.4368673]

>>4368634
They'll have to create a new kind of prison for us. I'd be OK with it. I'd rather do that than have a job.

[Anonymous No.4368729]

>>4368634
> implying there are more intelligent people than there are on /biz/
Nigga please, this board is the epitome of wisdom

[Anonymous No.4368742]

I don't see how they could regulate anything other then when you cash out. I buy btc, ltc, eth from fiat via different exchanges, put them in different wallets, trade them back to other exchanes to trade for alts, move them and trade them back and forth..If I get a call from the government I could just tell them that I was a shit trader and lost everything, or that I got hacked, how the fuck would they know if my initial 5k became 200k or 20$?

[Anonymous No.4368798]

>>4367939
Nope

[Anonymous No.4368813]

>>4368634
White collar criminals get put into minimum security prisons
Basically like a summer camp

[Anonymous No.4368901]

>>4368329
>2017
>pays taxes
Were you bullied in school, retarded or perhaps both?

>You could go to jail for not paying taxes!
Yes, and? Was life a competition about who stays out of jail the longest?

>B-but jail is scary!
No it isn't. You get free food, free bed, can play chess and lift weights all day, basically a tax subsidized NEET.

[Anonymous No.4368968]

>>4367659
How could anyone defend this, jesus christ.

Amerimutts really are subhuman

[Anonymous No.4369531]

>>4368813
federal "pound-me-in-the-ass" prison boyo

[Anonymous No.4369592]

>>4367687
KHAZAR MILKERS

[Anonymous No.4369640]

> be me
> buy Monero
> sleep like a baby
> taxes .... lol

[Anonymous No.4370690]

>>4367659
I've been trying to tell ya'll
buy high sell low
buy btc at high, trade into alts
cash out btc at low into checking account
sorry irs i lost my monies not gains
need to claim 3k in losses on my taxes

[Anonymous No.4370753]

>>4369640
>Monero
>Private
enjoy getting de-mixed by the feds one day
btw, there is no statute of limitations on tax evasion

[Anonymous No.4371191]

>>4370690

holy shit...

[Anonymous No.4371214]

>>4367659

No point if you don't keep it there, or if you're small time like me.

[Anonymous No.4371215]

>>4367764
>BCH died for our taxes

[Anonymous No.4371521]

>>4370690
>thinks an audit wont include your exchanges.

[Anonymous No.4371612]

>>4371521
Just give them a screen shot of your bitcoin wallet, tell them you were hodling

[Anonymous No.4371915]

>>4370753
>Implying the Monero team won't make sure that cannot happen

This is wonderful news for Monero topkek. Once multisig or a ledger is out oh boooooy. One big fucking moon.

[Anonymous No.4372008]

>>4368062
>Exchanges should care what the IRS is saying

Please stop thinking burgers are the center of the world. Most exchanges are outside the US.