>Crypto to crypto is a taxable event

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>reporting your trades
Cuck.

Whats a crypto and whats a tax?

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>Getting buttpounded in prison
Based.

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>Not keeping a record of your trades
Enjoy prison

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>you can NEVER cash out

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Lowkey FED posting

You are literally entering something designed to be a big fuck you to the government and yet you are still afraid of it.
Should just leave and never return to crypto, it is moronic to invest in something that you don't believe in.

Just pay taxes when you cash out. That is such nonsense that you have to pay taxes between crypto to crypto. It’s not realized profits. Say you do a million usd trade from btc to rsr. Rsr goes to zero because it’s a pajeet scam, so you owe the tax man a quarter million, yet your trade wet to $0? Such kikery

It is moronic to emotionally invest in something to the point that it makes you disregard long-standing taxation laws

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If you are into crypto to trade it for dollars, you are not in the right place.
Please, sell and get out, your faggots are the reason we have been stuck for the last three years.

Fuck of Glowies

At this point niggers can burn the town down without being arrested.
If they come after some neet for crypto taxes I'll be livid.

It's not, not yet anyway. No KYC = no findy.

Buy Verasity, sell some at a 10x, stake for 30+% APR, then go find a new freshy in Q3.

lmao fucking whitey

Anyone who is not paying taxes on crypto is not making lots of money.

Luckily Coinbase tracks it for me ;)

>go to etherscan
>go to your wallet
>download .csv report
>spend the next two months painstakingly calculating your CGT events and trying to work out where you made or lost money
does anyone have a better way of doing this that doesn't involve paying $50 a month for some shitty program

If you sell your rsr you can write off the loss, which will cancel that tax

Decent thread OP, post eth wallet, want to send you some tokens

Glowing so hard right now

Papa Jerome need every Tax dime to save Stock market and Airdrop more Stimulus on Shaniqua and Deshawn

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Based
Stfu you glowfaggot

Guys. Can I forget this all until it's time to cash out and then just pay and win?

Or let the IRS calculate it for you, which likely wont happen, and at worst you pay interest on your gains

Ended up actually doing this. It took a while.
I have traded shitcoins the past 3 days non-stop. I always bought low and sold high. I assumed I was up $300-400 and it turns out I have been getting FUCKED by both the gas fees and the trading fees.
I spent 2 ETH to make 2 ETH in trades. I'm retarded and really hope I can write this off as capital gains costs.

discord gg/ 5833R5a get in early for june 19 token sale

it sure is user and i recommend cointracker dot io i spent over $1400 to do 3 years worth of taxes and it was worth every sent... i sent my accountant an xl file with capital gains and it was done

>long-standing taxation laws

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Fuckin dumb fedposter. I pay taxes so mouth breathers like you have a chance at living

>willing paying for lefanduh's fentanyl habit and Tyrone's 15 kids
You cucks never learn