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btc taxes 2021
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OP02-22-2020, 05:50 PM
#1

what forms do i need to fill out + file so i can complete filing my taxes for btc? i use coinbase and they don't provide a 1099-b. i also don't meet the $20,000 requirement for a 1099-k form.

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02-22-2020, 05:59 PM
#2
idk about you but cashapp sends me a doc...



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02-22-2020, 06:00 PM
#3
niggas be payin taxes
tax evasion gang



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02-22-2020, 06:00 PM
#4
There’s taxes for bitcoin?



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OP02-22-2020, 06:04 PM
#5
(This post was last modified: 02-22-2020, 06:08 PM by dress.)
(02-22-2020, 06:00 PM)MiKeY1871 Wrote:There’s taxes for bitcoin?

yes, btc is considered as property so it's taxed.

(02-22-2020, 05:59 PM)morningstar Wrote:idk about you but cashapp sends me a doc...

i know but coinbase doesn't provide the 1099-b like cashapp. they only send a 1099-k if you've transacted $20k+.

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OP02-22-2020, 07:49 PM
#6
bump ⠀ ⠀ ⠀ ⠀

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02-22-2020, 07:50 PM
#7
bro what u have to pay taxes jesus IM FUCKED

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02-22-2020, 07:52 PM
#8
(This post was last modified: 02-22-2020, 07:52 PM by Ed.)
since when did you need to pay taxes for btc? fuck...



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OP02-22-2020, 07:54 PM
#9
(02-22-2020, 07:50 PM)66 Wrote:bro what u have to pay taxes jesus IM FUCKED

honestly it all depends on how much you've dealt with, so if you've transacted like $1k or less i don't think it'll matter much. i'm doing it because i had a considerable amount and i don't want coinbase/irs on my ass.

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02-22-2020, 08:04 PM
#10
(This post was last modified: 02-22-2020, 08:04 PM by 66.)
(02-22-2020, 07:54 PM)dress Wrote:honestly it all depends on how much you've dealt with, so if you've transacted like $1k or less i don't think it'll matter much. i'm doing it because i had a considerable amount and i don't want coinbase/irs on my ass.

when u mean transacted, like sell to your bank? Cuz i definitely have sent over $20k in crypto but havent cashed out to my bank that much



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