This tax FUD is getting to me bros

this tax FUD is getting to me bros

is crypto to crypto really taxed?
how do I exit coinbase without the jews knowing?

of course, everything I'm referring to is in Minecraft

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>coinbase
Too late you’re fugged :DD

bump, i would too like to know how to escape the eternal creepers

I spent at least hundreds of hours on excel for taxes for the past 3 years. Idk what to tell you, it would honestly be a blessing if they just hit me with a bill rather than have me wagie to incriminate myself. Note i lost money each of the years so worked for free and the benefit i got was not having to pay them. Respect the 5th amendment

>coinbase
Zozzle

cant you just report the basic stuff like cashing out
then the'll just tell you "no thats not correct, you did x y and z"
and if they say "yeah thats good" then you get away with it

t. 18y

I fucking hate the IRS.
I’ll give you your money, you don’t have to make me crawl through grass to hand it to you, you fucking retards. I hope you’re reading this if you’re auditing me in the future you fucking retard. Yes. You’re a retarded boomer.

Binance better not be fucked by this too. This is getting me scared bros

Just sell your positions on dec 31 and buy in again Jan 1

Technically no. When it comes time to cash out on 1 btc bought and its up $10k and you cash out $40k they can figure that out

kek

only if you're down

you have other things to worry about
binance will be getting assraped by regulations in the next few years
they wont exist soon

lets say one were to move out of burgerland and move to Canada. would said person have to pay taxes to the ameriburgers, still?

see john mcafee
Tldr yes

or, you know, they could just comply and still make profit

if youre "fucked" all i can say is id pay for a CPA after assuring things stay private, one example could be give them all the accounts but remove your name and present it as hypothetical

Well fuck. Got an estimate as to how long they'll live before they get reamed?

oh yeah sure, regulators will just say "ok thanks for complying we will just forget everything you did haha"
get real

the most realistic outcome is not them shutting down though, they are too big for that plus i think china is keeping them alive
what will happen is they will be forced to sell

in 2019 it was any minute, now maybe 5 years

If you are on Zig Forums then the only rational assumption is you are in the red

exit tax for people with >2m in assets or married couples with >4m in assets. you need to renounce citizenship too.

Plus he still owes for profits made in the year he lived in america

how does coinbase work with the jews/irs? do they just automatically send your shit to the taxniggers no matter what?

I've heard if you have under 5k or whatever they don't really care, but I don't think that's true.

also, how is tax on crypto determined?
is the % dependent on which tax bracket you're in for income?

or is it something else

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>everything I'm referring to is in Minecraft
Bro, coinbase already reports to the irs. The best tou can do is withdraw your tax free allowance (all at once or incrementally), get a roth IRA, move to a tax free crypto state like Germany for the minimum time, get a good accountant who will be able to helo you report losses, or just pay the tax.

does Coinbase report other wallets like CB Wallet/Metamask too?
The wallet transactions don't appear on Coinbase, but the wallet addresses are listed under the transactions, so one could fear the Jews would be after those too, no?

yes, your best chance is going into privacy coins, a small amount at a time

>how do I exit coinbase without the jews knowing?
Jew here, you can't. We know all.

>privacy coins
do you mean essentially moving my entire folio into something like Monero?

How much money do you need to make for the IRS to be on you? I'm sub 10k USD so far, and I lost thousands during the bear market. Will they care about a small fry like me? Fuck I shouldn't have swapped between link and eth so much bros

Yeah but what if you buy 100 different shitcoins on uniswap and use different defi platforms with weird stuff
How would they check what you actually did?

one day your chilling, next the popo are at your door user, no escaping the tax jew.

why can't they just tax the fiat on-ramp/off-ramp?

say I deposited $1000 on cornbase and cashed out $8000, then just let me pay tax on that $7000

why the fuck do I have to calculate crypto to crypto trades? shouldn't that $7000 profit already includes all of my profits and losses?

just pay them that and if they bitch about it tell them to fuck off

its not about what you did. They figure out you have $30k more than what you are supposed to have if you just held bitcoin like you said you did. And then they make YOU prove yourself unguilty.

Again, this is an anti 5th amendment organization and the only government organization that infringes on your right not to incriminate yourself

>why can't they just tax the fiat on-ramp/off-ramp?

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i would not advise trying this

based fuck the irs they can fucking suck the jews circumcised dicks, oh wait, they already are

what if i bought them while i was living in germany?

Fuck the IRS. I'm not paying them anything. What are they gonna do? Audit me? Audit this dick.

Unless you're a billionaire with a tax shelter in the Caymans, just pay your taxes. I think you can take some of the sting out by immediately buying some tax advantaged asset like buying your first house.

Unfortunately you aren't Bezos, capitol gains taxes are for cucking the lower classes back into their box, not for raising money.