Boner_18
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That's a bunch of how to win a Facebook argument 101 bullshit and while (I assume) most of it is correct it's all irrelevant.
IAG
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Not sure what you are saying here.
Tron
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IAG
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Tron
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roguejuror
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reno cool
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wow! my trips to seedy barbershop are theoretically paying off.
Blitty
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roguejuror
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reno buys his bitcoins from the barbershop in the ghetto, pay attention blitty
reno cool
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I noticed on the tax form there's a question asking if you bought any crypto in 2020. All of mine was bought maybe 2018.
I figure I'm in the clear for whatever they're getting at
I figure I'm in the clear for whatever they're getting at
Tron
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You’re good as long as you didn’t profit take, right?I noticed on the tax form there's a question asking if you bought any crypto in 2020. All of mine was bought maybe 2018.
I figure I'm in the clear for whatever they're getting at
IAG
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If you have done anything with it like( sold at gain or loss, ) exchanged for another crypto. funded a book, or even bought a cup of coffee with it, you are supposed to create the taxable event. If you have just held since 2018. then just mark the “no” box and move on. But the IRS is not playing anymore. I’ve read a lot about this the last few years, but here is something I just read recently...
www.newsweek.com
IRS 'Operation Hidden Treasure' Looks to Do Some Bitcoin Mining of Its Own
"The IRS has made crypto tax a top priority, as shown by the Operation Hidden Treasure initiative and training all their agents on 'virtual currency' [cryptocurrency]," Kell Canty, CEO of Verady, told Newsweek. "Analytics make crypto the most transparent and trackable asset ever invented."
www.newsweek.com
roguejuror
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Not only, spending also must be reported. When you purchased something with bitcoin has the price risen since you acquired the bitcoins? If yes that must be reported.
Tron
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roguejuror
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Coinbase is going to be listed on Nasdaq, ticker symbol COIN
Tron
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roguejuror
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TOMORROW 💎🙌
mcbaseball10
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Does freefall still post here? Whenever I see bitcoin I think of this thread. Hope it's made some of you filthy rich. Do we have any bitcoin millionaires that have sold at the top?