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Lol you morons are going to get BUTTFUCKED by the IRS for coin2coin transactions
Poast new message in this thread
Date: January 8th, 2018 2:17 AM Author: Ultramarine big boltzmann (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107231) |
Date: January 8th, 2018 2:28 AM Author: Aphrodisiac Toilet Seat I legitimately think more than one poaster will be very seriously fined or arrested. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107260) |
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Date: January 8th, 2018 2:33 AM Author: Pungent persian Idk about arrested but DEFINITELY a LOT of people here getting fined for juggling shitcoins. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107268) |
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Date: January 8th, 2018 2:48 AM Author: poppy twisted digit ratio garrison spin, ratfucks (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107298) |
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Date: January 8th, 2018 2:51 AM Author: dark arousing fat ankles Cr. It's not just going to be whales either. Some of the poasters who get sloppy reporting on 2 or 3 thousand in gains are going to be made an example of. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107302) |
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Date: January 8th, 2018 3:00 AM Author: Ultramarine big boltzmann These are the ones who will get got in droves. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107322) |
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Date: January 8th, 2018 3:09 AM Author: wonderful elite public bath legal warrant So literally everyone here. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107349) |
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Date: January 8th, 2018 3:17 AM Author: Submissive Parlor Skinny Woman This is what I'm waiting for. Shit is going to get real for the little guys. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107377) |
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Date: January 8th, 2018 2:34 AM Author: magenta stimulating step-uncle's house puppy Probably, I have employed a CPA to help me put together an excel - no flame. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107270) |
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Date: January 8th, 2018 2:44 AM Author: bespoke deer antler church building Cr I saw some dumbass yesterday say he's just going to sell all his shitcoins for ETH when he's done and move it to gdax and report total gains in ETH. I almost shat myself with laughter imagining his inevitable arrest. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107295) |
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Date: January 8th, 2018 3:19 AM Author: Submissive Parlor Skinny Woman TITCR (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107382) |
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Date: January 8th, 2018 5:34 PM Author: Olive Shaky Theatre can you please post your column headings for that spreadsheet? TYIA (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111572) |
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Date: January 8th, 2018 2:40 AM Author: Startled floppy hospital nibblets Someone here will get fraud pwned. I'll bet my unreported cryptopia gains on it. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107285) |
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Date: January 8th, 2018 2:41 AM Author: magenta stimulating step-uncle's house puppy CR, esp any whales who try to evade
the larger the gains, the more scrutiny IMO |
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Date: January 8th, 2018 2:52 AM Author: Startled floppy hospital nibblets (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107307) |
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Date: January 8th, 2018 2:46 AM Author: self-absorbed yellow stage turdskin So should we sell? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107296) |
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Date: January 8th, 2018 2:48 AM Author: bespoke deer antler church building Honestly I wouldn't sell until you have 1MM. All or nothing (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107297) |
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Date: January 8th, 2018 9:23 AM Author: fantasy-prone blue immigrant A million isn't that much these days. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108022) |
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Date: January 8th, 2018 12:53 PM Author: magenta stimulating step-uncle's house puppy It's not esp if you have to pay 39% taxes on it (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109415) |
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Date: January 8th, 2018 3:03 AM Author: Ultramarine big boltzmann Don't even trade a single coin unless you've hired a CPA. Serious. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107332) |
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Date: January 8th, 2018 2:51 AM Author: Federal resort cuckoldry nocoiner nontaxcheater here: how will they know? and why not just get a bank account in Singapore and go from there? cheap flight to Singapore to open an account seems worth it if we are talking serious shitcoin holdings |
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Date: January 8th, 2018 3:02 AM Author: Ultramarine big boltzmann They know by looking at poasts by people claiming to be nocoin nocheat discussing moving serious shitcoin holdings to Singapore. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107328) |
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Date: January 8th, 2018 3:03 AM Author: Federal resort cuckoldry On counsel’s advice I should mention that I’m asking for a friend. Edit: no wait I’m not asking for a friend, it’s a hypothetical question involving a hypothetical friend. |
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Date: January 8th, 2018 3:04 AM Author: Ultramarine big boltzmann I heard good results with SWIM (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107336) |
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Date: January 8th, 2018 3:41 AM Author: Federal resort cuckoldry swim? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107420) |
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Date: January 8th, 2018 9:28 AM Author: irradiated bossy personal credit line Someone Who Isn't Me (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108041) |
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Date: January 8th, 2018 10:07 AM Author: sinister codepig psychic it's an old term originating from erowid.org & means what the above poaster said: "someone who isn't me" (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108245) |
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Date: January 8th, 2018 5:37 PM Author: Olive Shaky Theatre ah yes, the old "open a Singapore bank account" trick! IRS hates it! (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111596) |
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Date: January 8th, 2018 3:15 AM Author: Submissive Parlor Skinny Woman If you haven't hired a CPA to go over your coin-to-coin taxes you're not just insane, you're going to jail. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107368) |
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Date: January 8th, 2018 3:45 AM Author: unholy field If you report anything other than coin to fiat you're a huge fucking cuck pussy (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107428) |
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Date: January 8th, 2018 3:47 AM Author: ruddy swashbuckling rigor nursing home Enjoy prison (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107435) |
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Date: January 8th, 2018 3:47 AM Author: unholy field Heh (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107436) |
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Date: January 8th, 2018 3:51 AM Author: Aphrodisiac Toilet Seat That's legit tax fraud (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107448) |
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Date: January 8th, 2018 3:53 AM Author: Federal resort cuckoldry see my question above: how will they ever know? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107456) |
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Date: January 8th, 2018 3:55 AM Author: Aphrodisiac Toilet Seat If you've ever verified or used a major exchange like coinbase/gdax you're on their radar. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107465) |
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Date: January 8th, 2018 4:00 AM Author: Federal resort cuckoldry and hence the singapore option (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107475) |
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Date: January 8th, 2018 3:54 AM Author: unholy field Nobody doing this on a small scale is going to get hit (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107459) |
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Date: January 8th, 2018 3:57 AM Author: Aphrodisiac Toilet Seat They're going to make an example of lots of people who believe tax evasion and fraud is ok because it's just "small scale." You people are greedy and stupid. Pay your taxes like everyone else, deadbeats. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107469) |
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Date: January 8th, 2018 5:00 AM Author: unholy field This isn't going to happen pussy (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107556) |
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Date: January 8th, 2018 5:01 AM Author: Aphrodisiac Toilet Seat This isn't a debate, nigger. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107560) |
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Date: January 8th, 2018 5:10 AM Author: unholy field Lol at your NOCOIN ass having a meltdown ITT (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107575) |
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Date: January 8th, 2018 5:13 AM Author: Aphrodisiac Toilet Seat Lol you maf deadbeat I've got more bags than you (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107580) |
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Date: January 8th, 2018 8:50 PM Author: Bateful philosopher-king institution (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112955) |
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Date: January 8th, 2018 5:02 AM Author: Passionate unhinged market (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107562) |
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Date: January 8th, 2018 5:15 AM Author: Flesh Violent Mediation Patrolman Yes, instead of making $1MM on crypto and having to pay $370K in taxes along with $500 for an accountant, let's just keep our $50K in our bank savings account where it can earn 1.2% annually and easily be computed by a $35 TurboTax CD-ROM. Great idea! (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107584) |
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Date: January 8th, 2018 5:18 AM Author: Submissive Parlor Skinny Woman (Guy who missed the entire premise of this thread) (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107588) |
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Date: January 8th, 2018 8:05 AM Author: Ultramarine big boltzmann (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107757) |
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Date: January 8th, 2018 9:22 AM Author: Fragrant Principal's Office you might be retarded (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108018) |
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Date: January 8th, 2018 8:52 PM Author: Bateful philosopher-king institution wow (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112967) |
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Date: January 8th, 2018 9:14 AM Author: Tantric home corn cake So I'm going to jail for converting the $1 of Deepbrain chain I got on Kucoin KCS dividedends to ETH? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107979) |
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Date: January 8th, 2018 9:24 AM Author: Vermilion Charismatic Therapy Coldplay Fan I am chuckling when I think about some IRS examiner going, "So, on November 8, 2017, you traded 4.8000034 ETH for 8,957 OMG at 10 pm, then 3,294 OMG for 1.298303 BTC at 10:30 pm, transferred 0.58674 BTC from Poloniex to Binance at 11 p.m., bought 68,490 Dentacoin at 11:45 p.m., then sold 68,490 Dentacoin at at 12.9% loss at 12:10 a.m., and then repurchased 2.489002 ETH at 12:15 a.m.? And there's 364 days where you did something similar?" (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108029) |
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Date: January 8th, 2018 9:33 AM Author: Razzle-dazzle magical dog poop brethren "I don't feel like sorting through all this so you're going to jail" (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108052) |
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Date: January 8th, 2018 9:37 AM Author: Thriller church quadroon "And what's this, Dogecoin?"
"Yes."
"And what's this one?"
"It's based on an MS Paint of a dog with misspelled words." "..." "..." "And you purchased $10,000 worth of this?" "Approximately, yes." "..." "..." |
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Date: January 8th, 2018 9:48 AM Author: multi-colored crackhouse (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108135) |
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Date: January 8th, 2018 9:59 AM Author: Vermilion Charismatic Therapy Coldplay Fan (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108204) |
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Date: January 8th, 2018 10:02 AM Author: Chest-beating Twinkling Uncleanness (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108221) |
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Date: January 8th, 2018 10:06 AM Author: Pink university wagecucks (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108239) |
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Date: January 8th, 2018 12:49 PM Author: Haunting Athletic Conference School (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109398) |
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Date: January 8th, 2018 12:51 PM Author: Electric lodge (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109402) |
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Date: January 8th, 2018 12:57 PM Author: vivacious haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109437) |
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Date: January 8th, 2018 1:03 PM Author: Cobalt location roast beef Actually laughing at this (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109499) |
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Date: January 8th, 2018 2:08 PM Author: seedy hominid (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110063) |
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Date: January 8th, 2018 1:05 PM Author: Honey-headed hairless state rigpig (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109515) |
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Date: January 8th, 2018 2:13 PM Author: Provocative candlestick maker indian lodge lol (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110091) |
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Date: January 8th, 2018 5:38 PM Author: alcoholic meetinghouse *fines you for stupidity* (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111600) |
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Date: January 8th, 2018 8:52 PM Author: Federal resort cuckoldry (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112972) |
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Date: January 10th, 2018 10:52 PM Author: marvelous stubborn menage (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129345) |
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Date: January 10th, 2018 11:25 PM Author: Alcoholic Space LOL (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129582) |
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Date: January 8th, 2018 1:27 PM Author: ruby mad-dog skullcap back in the day of day trading, i'm guessing the irs could handle this just fine and it would look very similar to what you are describing. it really isn't complicated |
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Date: January 8th, 2018 8:44 PM Author: diverse point messiness (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112903) |
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Date: January 8th, 2018 9:37 AM Author: Brindle ape So just buy the major cryptos with Fiat, then hodl? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108067) |
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Date: January 8th, 2018 9:52 AM Author: Clear zombie-like stage That strategy is easier and with less hassle, but also kneecaps your potential gains. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108158) |
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Date: January 8th, 2018 10:12 AM Author: primrose sticky dingle berry (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108278) |
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Date: January 8th, 2018 10:15 AM Author: 180 transparent pozpig The way the market is going now, I might qualify for EIC next year. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108295) |
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Date: January 8th, 2018 12:54 PM Author: Disgusting Lascivious Friendly Grandma 100% of my buys and 100% of my sells were through coinbase
I sent some eth to gdax and then eventually sent it back to coinbase to cash out
Is the coinbase document sufficient? |
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Date: January 8th, 2018 1:00 PM Author: Sable idiotic box office What are you talking about. You bought and sold a number of shitcoins not offered on Coinbase. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109464) |
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Date: January 8th, 2018 1:14 PM Author: Disgusting Lascivious Friendly Grandma True just bat and MYST though
But in total everything started and ending at coinbase
I sent eth to liqui for trading some bat and MYST turned it back to eth and eventually sold on coinbase |
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Date: January 8th, 2018 12:57 PM Author: Bonkers fanboi death wish This was ambiguous until January 1st of this year. I consider any trades going forward taxable and will only be doing coin to fiat for withdraw into bank account. But will not count this past year's transactions which were all coin to coin
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Date: January 8th, 2018 12:57 PM Author: outnumbered preventive strike I don’t get how this works. Does the IRS take a bite out every time I swap a coin for another coin? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109436) |
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Date: January 8th, 2018 12:58 PM Author: Bonkers fanboi death wish From now on, yes
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Date: January 8th, 2018 1:01 PM Author: outnumbered preventive strike wtf how much? So If I just exchange ETH for BTC, but then regret it and immediately exchange it back, the IRS is taking a chunk? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109472) |
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Date: January 8th, 2018 1:03 PM Author: Honey-headed hairless state rigpig Yes.
But think of it this way. You have a new basis and will pay less in taxoes down the road. hehehe |
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Date: January 8th, 2018 1:03 PM Author: Sable idiotic box office No, there has to be an actual profit (or loss).
So if you bought ETH at $10, and then exhange it for BTC a year later when ETH is worth $1000, the $990 ETH gain (1000-10) is taxable. |
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Date: January 8th, 2018 1:05 PM Author: Bonkers fanboi death wish Im guessing the calculation would be
Coin X used to buy coin Y:
USD value of amount of coin Y purchased (minus) USD value of amount of coin X used to buy coin Y, when originally purchased coin x.
That amount taxed at capital gain rate for short term or long term based on your income bracket.
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Date: January 8th, 2018 1:02 PM Author: Sable idiotic box office Only if you actually made a gain in the first coin at the time of the transaction.
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Date: January 8th, 2018 1:02 PM Author: outnumbered preventive strike Thank. I fucking hate taxes. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109496) |
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Date: January 8th, 2018 1:02 PM Author: outnumbered preventive strike What if my gains are <10k? De minimis? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109493) |
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Date: January 8th, 2018 1:59 PM Author: excitant ivory business firm (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110003) |
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Date: January 8th, 2018 1:04 PM Author: Gold razzmatazz cruise ship ITT: MAF nocoiners (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109509) |
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Date: January 8th, 2018 1:19 PM Author: Cerise laser beams azn Weren’t you a nocoiner a week ago (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109628) |
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Date: January 8th, 2018 1:31 PM Author: Gold razzmatazz cruise ship no I just wasn't on binance (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109728) |
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Date: January 8th, 2018 8:45 PM Author: diverse point messiness (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112904) |
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Date: January 8th, 2018 1:07 PM Author: Cobalt location roast beef We live in a world where audits basically never happen unless you check certain high risk boxes. And even then the chances are totally remote.
Ill happily bet against some irs guy digging through my million random coin for coin trades. Worst case scenario is I just incorrectly deferred a bunch of gains to a future tax year. |
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Date: January 8th, 2018 1:16 PM Author: Internet-worthy Mother National Security Agency cr this thread is a bunch of risk averse lawyers freaking out for no fucking reason. no ones going to jail if they paid tax on fiat coming out of the exchange. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109595) |
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Date: January 8th, 2018 5:28 PM Author: unholy field (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111514) |
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Date: January 8th, 2018 1:19 PM Author: Azure school cafeteria That is definitely not the worst case scenario, dummy. But you are right about the infrequency of audits. Unless irs gets the info it would need from one of these exchanges (already happened/pretty likely for at least some of it) AND gets the inclination and resources to run a big audit program (pretty unlikely) most of you cheats will slide through. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109625) |
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Date: January 8th, 2018 1:24 PM Author: Cobalt location roast beef Let's assume my basis is the price of the bitcoin I bought last year. Sometime this year I bring back 30x more bitcoin to my coinbase account and redeposit the proceeds into my checking account. I pay short term cap gains taxes on everything.
Won't I have paid taxes on every penny of my net crypto income, except with much less headache and paperwork? This obviously isnt the technically correct approach - I'm saying its almost impossible it'll be caught and in any case I won't have evaded any taxes |
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Date: January 8th, 2018 1:11 PM Author: Rose kitchen hairy legs They'll look at flipping shitcoins the same way they do day traders (because it is) to decide whether or not to fuck you (they will) (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109556) |
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Date: January 8th, 2018 1:44 PM Author: Cerise laser beams azn IRS doesn’t arrest people you idiots (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109849) |
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Date: January 8th, 2018 2:04 PM Author: Internet-worthy Mother National Security Agency (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110036) |
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Date: January 8th, 2018 2:05 PM Author: Honey-headed hairless state rigpig They just call i the FBI and stand RIGHT next to you as the FBI arrests you.
BIG DIFFERENCE.
http://www.stevemiller4lasvegas.com/D%27ApiceOnGround.jpg |
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Date: January 8th, 2018 2:11 PM Author: seedy hominid i know a guy who got fucked on something like this in stock options. except i think he eventually lost so much he couldn’t pay the taxes and went bankrupt.
like made a million one year but lost it all the next so couldn’t pay the taxes on the gain anymore. |
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Date: January 8th, 2018 2:15 PM Author: Razzle-dazzle magical dog poop brethren one weird trick (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110102) |
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Date: January 8th, 2018 2:16 PM Author: Cobalt location roast beef Pretty sure you can carry over losses in such cases no? (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110110) |
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Date: January 8th, 2018 2:17 PM Author: Internet-worthy Mother National Security Agency with crypto its very easy to get hacked and lose it all... (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110114) |
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Date: January 8th, 2018 5:46 PM Author: Contagious offensive pocket flask prole Most likely his situation is similar to mine, he exercised options of a non-public company (non-liquid) and had to pay taxes on the on-paper gains (differences between his option price and the current 409A valuation). If the company never goes public, becomes bankrupt, or goes public but at a lower price per share than the 409A and never recovers you can be very much tax fucked. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111654) |
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Date: January 8th, 2018 2:17 PM Author: ruby mad-dog skullcap The IRS Wants Its Fair Share Where there's tons of money to be made, the taxman will surely follow, and bitcoin exchanges like Coinbase aren't immune to this fundamental truth. In November 2017, Coinbase was forced by the federal court to comply with the IRS and divulge information on at least 14,000 accounts that were responsible for 9 million transactions between 2013 and 2015.
In its request, the IRS originally demanded that Coinbase identify and report more than a million accounts, but later scaled it back to only report high-volume traders with accounts that are worth $20,000 or more and only focused on bitcoin. With one bitcoin now worth close to $20,000 and rising, significantly more Coinbase account holders will come under the scrutiny of the IRS as it prepares to investigate transactions for 2016 and 2017. |
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Date: January 8th, 2018 5:30 PM Author: supple locale Reminder: using Shapeshift is a taxable event under IRS rules. lol at anyone who hasn't kept records of all the times they've used it. (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111527) |
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Date: January 8th, 2018 5:40 PM Author: Awkward comical hissy fit dysfunction lol ((coinbase)) shoulda been raising red flags ever since the instant buy became a 7% fee (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111614) |
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Date: January 8th, 2018 9:18 PM Author: ruby mad-dog skullcap so crypto is not anonymous there are big fees to use it sounds like a great investment |
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Date: January 10th, 2018 11:20 PM Author: Sexy volcanic crater senate (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129552) |
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Date: January 8th, 2018 10:01 PM Author: Thriller church quadroon bitcoin.tax (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35113442) |
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Date: January 10th, 2018 10:51 PM Author: Wine aromatic national very few of the fake 'shitcoin hundred-thousandaire' bulls on XO actually know how they're going to get their money out and recoup, let alone deal with taxes.
once you start getting into the practical reality of this stuff, you realize how full of shit and delusional all these neckbeard scamcoin investors really are. we're talking about people are who are gambling based on the advice of a few chinese market speculators who are in turn being pied-piper by more heavily invested coin hucksters.
but the genus 145 IQ average IQ XO braintrust insists that this is the windfall of the century. its not for nothing that the majority of XO crypto obsessives are underemployed middling IQ chumps with zero other assets or investments. the enthusiasm around here is born from ignorance, not verifiable success. |
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Date: January 10th, 2018 11:25 PM Author: Rose kitchen hairy legs As a kid I had baseball cards worth THOUSANDS of dollars according Beckett Monthly (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129587) |
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Date: January 10th, 2018 11:29 PM Author: hyperventilating aqua associate what in the world are you talking about (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129638) |
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Date: January 13th, 2018 12:54 AM Author: exciting abode (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35145500) |
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Date: January 10th, 2018 10:51 PM Author: cheese-eating new version "But I poop from there!" IRS: "Lol, not right now you don't." |
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Date: January 10th, 2018 10:54 PM Author: Federal resort cuckoldry (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129361) |
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Date: January 10th, 2018 11:23 PM Author: alcoholic meetinghouse looks like the gooks are solving that problem for us (http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129575) |