>Crypto to crypto is a taxable event
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haircomb to haircomb is stealth event
I have traded hundreds of shitcoins on Uniswap this year. There's no fucking way I'm paying taxes on every transaction. There is no way they can track that shit.
>What is a blockchain
>immutable digital ledger tracking every transaction and who did it
Imagine going to H&R Block with 20 pages of Etherscan transactions. They would laugh in your face and tell you you're shit out of luck. Don't be so naive
Fucking how? You get an equivalent value, no money is made unless the last coin raises later.
You just lose money to taxes apparently.
just get an anonymous wallet, wtf
i would show them but show myself retarded and might aswell come in drunk and boast how i invested in bitcoin in 2009 but traded it for
>nine eleven is an inside job
If you just pay regular income tax on what you cash out I'm sure they'll allow leniency. 5 years of endless etherscan transactions would drive the taxman mad with having to audit, they'll cave to simplicity eventually once they realize how much degenerate shitcoin slinging the average investor does and the logistical nightmare it would be to keep track of and prove
>he uses his real name and KYC platforms
ngmi
That must suck, in Canadia crypto is money.
The IRS is understaffed as it is, if you pay a good chunk to them they’ll probably give you a pass. If we’re talking tens of millions yea they might spend the time but that is fuck you money to hire a damn good accountant.
Just give the irs 30% of your gains at the end of the year and call it a day
ARPA fixes your worries about this.
You just take this seriously and watch it al beginning to end.
At the end you’ll know how things are the way they are and also never have to pay taxes ever again if you don’t want to
>also never have to pay taxes ever again if you don’t want to
lmao let me know how that works out for you
No they would tell you it’s your responsibility to track your trades.
How would the IRS get historical USD price data on shit coins like BRAP?
The whole bloody point of crypto was for it to get away from such kikery
Crypto is from inception a trojan to digitize all under a global tyranny.
still trading on binance even though they "banned" u.s users lmao & they dont have my kyc info
I almost mustered the courage to make a wallet.
Now this.
underrateed
the IRS is unconstitutional and not a real government entity, its a wing of the Federal Reserve which is a private corporation.
Finally, living here isn't completely worthless
kek that might be true, but you are still going to jail if you don't pay tax.
Stop getting your worldview from comic books.
Paying tax is literally for cucks.
If you're investing in crypto you're doing so as you believe the current system is not stable and will not survive. If you are speculating, you're a moron who will forever flip burgers, lick boots, and be a cuck.
Who are you, user?
based 5/7 would vote on you
>Don't be so naive
projecting
le ebig libertarian decentralized blockchain future utopia!!
>get real fucking nerd fag