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So if I bought ETH in March '17 and then converted it to scamcoins in October

and then my scamcoins mooned long term cap gains as of March...
Multi-colored cowardly philosopher-king university
  01/09/18
No you have to wait until October now.
well-lubricated library dog poop
  01/09/18
starting as of 1-18 but since the coins were like-kind excha...
Multi-colored cowardly philosopher-king university
  01/09/18
I want you to be right, but link to legit source saying coin...
know-it-all den kitty cat
  01/09/18
can you link to a legit source saying they aren't?
Smoky Bossy Wagecucks Piazza
  01/09/18
you can try it if youve got chutzpah. say flipping eth to sh...
Smoky Bossy Wagecucks Piazza
  01/09/18
well i'll just have to deal with that when doing taxes next ...
Multi-colored cowardly philosopher-king university
  01/09/18
it's stupid b/c until there's a good FIAT->altcoin exchan...
cracking gaming laptop
  01/09/18
What are the chances of getting audited and what are the pen...
appetizing messiness
  01/09/18
almost non-existent and i don't know. the real fear is if th...
Smoky Bossy Wagecucks Piazza
  01/09/18


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Date: January 9th, 2018 10:42 AM
Author: Multi-colored cowardly philosopher-king university

and then my scamcoins mooned long term cap gains as of March 17?

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35116640)



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Date: January 9th, 2018 10:44 AM
Author: well-lubricated library dog poop

No you have to wait until October now.

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35116661)



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Date: January 9th, 2018 10:51 AM
Author: Multi-colored cowardly philosopher-king university

starting as of 1-18 but since the coins were like-kind exchanges in 2017 then should be long-term cap gains now right?

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35116724)



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Date: January 9th, 2018 2:30 PM
Author: know-it-all den kitty cat

I want you to be right, but link to legit source saying coins were LK in 2017?

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35118015)



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Date: January 9th, 2018 2:37 PM
Author: Smoky Bossy Wagecucks Piazza

can you link to a legit source saying they aren't?

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35118073)



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Date: January 9th, 2018 10:51 AM
Author: Smoky Bossy Wagecucks Piazza

you can try it if youve got chutzpah. say flipping eth to shitcoin was a like kind exchange and that you effectively held the same investment until now. the irs hasn't said whether or not this is ok and the new tax law isn't retroactive on this point (I think).

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35116727)



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Date: January 9th, 2018 10:55 AM
Author: Multi-colored cowardly philosopher-king university

well i'll just have to deal with that when doing taxes next year. Got a lot of time to figure it out

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35116750)



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Date: January 9th, 2018 12:04 PM
Author: cracking gaming laptop

it's stupid b/c until there's a good FIAT->altcoin exchange, you basically can only get shitcoins via "trading" with BTC and ETH.

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35117143)



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Date: January 9th, 2018 2:32 PM
Author: appetizing messiness

What are the chances of getting audited and what are the penalties for omitting crypto gains?

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35118025)



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Date: January 9th, 2018 2:33 PM
Author: Smoky Bossy Wagecucks Piazza

almost non-existent and i don't know. the real fear is if the irs makes the exchanges hand over all their records and finds you out that way. otherwise the irs might not even find out about these trades if they audited you

(http://www.autoadmit.com/thread.php?thread_id=3854130&forum_id=7#35118036)