Ok seriously, are you fucks paying taxes on your gains? If you lose money at the end of the year are you still filing...

Ok seriously, are you fucks paying taxes on your gains? If you lose money at the end of the year are you still filing? Has anyone been audited?

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Pro tip from an old fag, pay the $5 in taxes from your shitty portfolio because it's not about this year. Eventually you'll get audited, then you're paying fucking 7 years of back taxes and fees on what would have been nothing.

Paying every year so when I finally cash out serious amounts they dont rape my boy pussy. Even got some money back last year from accidentally overpaying.

in u.s. you can apparently simply make a losing trade at the end of the year and come out tax neutral by writing off the loss as a business expense.

I have never done anything other than lose money

Pretty sure my severe gambling losses offset my gains in crypto. Barely up 5k in crypto, down 14k at the blackjack table. I don't owe shit.

I'll let you know as soon as I'm in the green.

Do I have to file taxes if I make one profitable trade and anothrr losing trade ending up in the negative?

You have to file even if you're completely in the red. Then they will give you some money back.

I don't think it works like that user

Based

Get help

>Even got some money back last year from accidentally overpaying.
What? Are you Donald fucking Trump or something?
Don't pay your taxes, eh?
Scammer. Cheeto Hitler

>paying taxes on your gains?
>gains

kek

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Which part of "I'm never selling" don't you understand???

I will be reporting my gains, but will maintain myself in the lowest tax bracket and I have many tax credits thanks to trump so I won't be paying taxes

only up to 3k

Imagine earning hundreds of thousands of dollars with internet meme money and even going through the effort of evading taxes.

not a chance

>tfw don't have to pay shit unless I hold more than 30k
>even then it's only like 1%
Feels good bros.

Yes. Pay your taxes or get fucked. That's it.

Use a tax company that does crypto well.

BoringDAO could also fix this when it launches.

If you plan to cash out you don't really have a choice.

This is my logic. I also record my losses so that way I can offset my income taxes a bit. Last year before deductions I OWED taxes. Fucking kikes.

With paypal you don't have to cash out anymore just buy houses, cars, and everything in between with crypto.

No. Have the fed print the money i dont give money to broke people or governments the IRS can tounge my anus

>tfw /k/ripple
>get neetbux
>haven't reported any gains

i wonder if they look closer at people with ssi

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I don't have any idea how it works but I know it's bullshit and will remain in non-compliance. Please lock me in a cell and pay my rent. Turn this productive member of society into a liability to appease some authoritarian bureaucrat. Fuck the government.

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I’ve held link since 2017 not a single trade since then. After 5 years I’m good on that front will pay when I take my linkies out

>paying someone to do a job they aren’t fucking doing
No way lmao

How tf you expect not to pay taxes?