Crypto btc taxes

[713]

(02-22-2020, 08:04 PM)66 Wrote: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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we're going to run together homes

it depends on your country. Usually the purchase fee is the tax and any earnings are tax free

but if you are a trader, then you pay tax as it is seen as income

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Discord: Fabian#7433 (copy and paste)

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  Telegram: Fqbian
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Discord: Fabian#7433 (copy and paste)

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  Telegram: Fqbian
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Discord: Fabian#7433 (copy and paste)

[5]

Fuck taxes on btc lol

[93]

(02-22-2020, 07:52 PM)Ed Wrote:since when did you need to pay taxes for btc? fuck...

If you live in the states and you use Coinbase, they report everything to the IRS. They had a lawsuit a while back that forced them to. This doesn't automatically mean you pay taxes, but the government is well aware of exactly how much goes in and out.

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Kik: Laf

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Kik: Laf

Upgraded to Fortune by @Ex0  R.I.P.

I am the owner of best OGU post @Miracle certified

On that @Zod flow juherd

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Kik: Laf

Upgraded to Fortune by @Ex0  R.I.P.

I am the owner of best OGU post @Miracle certified

On that @Zod flow juherd

---

Kik: Laf

Upgraded to Fortune by @Ex0  R.I.P.

I am the owner of best OGU post @Miracle certified

On that @Zod flow juherd

[0]

(02-22-2020, 08:10 PM)Fabian Wrote:it depends on your country. Usually the purchase fee is the tax and any earnings are tax free

but if you are a trader, then you pay tax as it is seen as income

so only buying and selling is accounted for, not receiving?

[1,020]

(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.

if u dont meet the 20k, then it's not really a considerable amount

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Discord: 1337#7331

Payments: Usually just BTC

Click to PM me

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Discord: 1337#7331

Payments: Usually just BTC

Click to PM me

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Discord: 1337#7331

Payments: Usually just BTC

Click to PM me

[0]

(02-23-2020, 09:53 AM)thx Wrote:if u dont meet the 20k, then it's not really a considerable amount

it's close to it though so i'm unsure

[96]

BTC has taxes??? pardon???

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Camo#0304

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Camo#0304

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Camo#0304

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Camo#0304

[0]

(02-23-2020, 12:08 PM)Vort Wrote:BTC has taxes??? pardon???

i think a lot of people don't know because not everyone deals with a ton of btc

[528]

Imagine paying taxes

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fix#5139

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fix#5139

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fix#5139

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fix#5139