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how to minimize taxes from SOL gains. FTX.US. reports to IRS
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Date: April 22nd, 2021 12:35 PM Author: Grizzly Public Bath Trust Fund (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329787) |
Date: April 22nd, 2021 12:35 PM Author: Submissive learning disabled stage if american, move to puerto rico (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329794) |
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Date: April 22nd, 2021 12:56 PM Author: purple aphrodisiac trailer park dog poop (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329994) |
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Date: April 22nd, 2021 12:36 PM Author: Vigorous Giraffe Ladyboy send me ALL of your crypto you need to cash out, i cash out in KRW, then wire xfer you it back in USD (there is a 15%+ kimchi premium so you make insane money just off the conversion itself) to your bank account (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329798) |
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Date: April 22nd, 2021 12:38 PM Author: Grizzly Public Bath Trust Fund ty FRIEND. when the time is right, I may have to hit you up (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329811) |
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Date: April 22nd, 2021 12:39 PM Author: Vigorous Giraffe Ladyboy NOT A SCAMMER. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329815) |
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Date: April 22nd, 2021 12:57 PM Author: purple aphrodisiac trailer park dog poop your wire will trigger an IRL alert if its bigger than like 15k. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42330002) |
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Date: April 22nd, 2021 1:11 PM Author: Vigorous Giraffe Ladyboy if he has 10 million or something, i can just buy gold bars for him no biggie (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42330103) |
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Date: April 22nd, 2021 12:57 PM Author: stimulating chestnut half-breed faggotry (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42330003) |
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Date: April 23rd, 2021 9:49 PM Author: Irate quadroon lmfao so this is how u end up in jail after everything (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339437) |
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Date: April 22nd, 2021 12:37 PM Author: lime irradiated dilemma philosopher-king easy, just never sellcuck (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329800) |
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Date: April 22nd, 2021 12:37 PM Author: Grizzly Public Bath Trust Fund (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329803) |
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Date: April 22nd, 2021 12:38 PM Author: haunting provocative home multi-billionaire dont buy, dont profit, dont pay taxes (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329807) |
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Date: April 22nd, 2021 12:38 PM Author: exciting mildly autistic space potus cant u just make BS ftx profile? i think for level 1 or 2 they dont even ask for shit, or actually fuk that i think they asked for SS (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329813) |
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Date: April 22nd, 2021 12:40 PM Author: Grizzly Public Bath Trust Fund i had to verify my identify to deposit over 10K. :(
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Date: April 22nd, 2021 12:44 PM Author: exciting mildly autistic space potus yes dont fuking do that, i think that is level 3
i just have level 2 which doesnt permit more than 10k withdrawals
i think at most i submitted passport maybe, cant even recall but they didnt ask a lot and approved it immediately so not even sure they check shit |
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Date: April 22nd, 2021 12:46 PM Author: Grizzly Public Bath Trust Fund fml. i'm such a noob (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329880) |
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Date: April 22nd, 2021 1:22 PM Author: Puce Boiling Water School Cafeteria level 1 i think only requires name and address and email (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42330191) |
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Date: April 22nd, 2021 1:20 PM Author: Puce Boiling Water School Cafeteria why didn't you just buy from COINBASE then transfer to FTX? (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42330178) |
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Date: April 22nd, 2021 12:39 PM Author: Grizzly Public Bath Trust Fund would an EU coinbase account be a workaround? (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42329818) |
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Date: April 22nd, 2021 1:26 PM Author: Opaque plaza (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42330225) |
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Date: April 23rd, 2021 1:18 PM Author: odious beta internal respiration cruise ship If/when coinbase adds SOL, can you transfer to coinbase and cash out there? I don't see how coinbase would know you had any gain on the transaction to report. Unless they just report all large conversions to cash. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42336583) |
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Date: April 23rd, 2021 1:24 PM Author: Opaque plaza the way I see it: coinbase will report all your proceeds to the IRS but it's up to you to report your cost basis. you can probably throw out any number for that, but if you get audited, prepare your anus if you can't show that what you reported was accurate. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42336644) |
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Date: April 23rd, 2021 3:54 PM Author: Lascivious ebony organic girlfriend can you say you forgot where you bought it and lost your records or something? I mean seems like they’d have limited options to go against your word idk. worst case you pay cap gains on the total? (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42337868) |
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Date: April 23rd, 2021 5:01 PM Author: Opaque plaza right, they assume your cost basis was $0 unless you can show proof otherwise. so you pay tax on the whole proceeds. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42338238) |
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Date: April 23rd, 2021 9:49 PM Author: odious beta internal respiration cruise ship That seems wrong. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339435) |
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Date: April 23rd, 2021 3:48 PM Author: stimulating chestnut half-breed faggotry hot damn, if coinbase adds SOL things would get very cheerful aroudn here (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42337814) |
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Date: April 23rd, 2021 8:21 PM Author: Grizzly Public Bath Trust Fund I like this idea. This might be my best option (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339071) |
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Date: April 23rd, 2021 8:32 PM Author: magenta out-of-control lay This seems like something you won't have to worry about for at least a few years. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339098) |
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Date: April 23rd, 2021 8:37 PM Author: Grizzly Public Bath Trust Fund Agreed. Just wondering what steps, if any, I should be taking now (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339119) |
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Date: April 23rd, 2021 8:39 PM Author: magenta out-of-control lay Take as much cash as you can and buy a stock or crypto that you are sure is going to crash. Sell it at the absolute bottom. That way you will have losses to carryforward that will offset your gains when you do sell your SOL. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339129) |
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Date: April 23rd, 2021 9:56 PM Author: Vibrant sepia range blood rage One weird trick! Auditors HATE him! (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339465) |
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Date: April 23rd, 2021 8:32 PM Author: Razzle dragon background story Never sell your crypto. Just HODL and if you need to access it, take out a loan against it. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339099) |
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Date: April 23rd, 2021 8:38 PM Author: Razzle dragon background story You can only borrow 50% of the value against it -- but thats better than paying 50% of your profits in taxes. (http://www.autoadmit.com/thread.php?thread_id=4817223&forum_id=2#42339126) |
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Date: April 23rd, 2021 8:45 PM Author: Razzle dragon background story Here's a strategy.
Borrow against your crypto. Use that to put 20% down on an investment property. Use the investment property to lower your taxable income. |