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Lol you morons are going to get BUTTFUCKED by the IRS for coin2coin transactions

...
floppy cruise ship depressive
  01/08/18
I legitimately think more than one poaster will be very seri...
startling parlour
  01/08/18
Idk about arrested but DEFINITELY a LOT of people here getti...
amethyst mischievous stage fanboi
  01/08/18
spin, ratfucks
coral bull headed nowag liquid oxygen
  01/08/18
Cr. It's not just going to be whales either. Some of the poa...
Fighting useless brakes
  01/08/18
These are the ones who will get got in droves.
floppy cruise ship depressive
  01/08/18
So literally everyone here.
french love of her life public bath
  01/08/18
This is what I'm waiting for. Shit is going to get real for ...
Nofapping partner
  01/08/18
Probably, I have employed a CPA to help me put together an e...
Judgmental forum
  01/08/18
Cr I saw some dumbass yesterday say he's just going to sell ...
maroon low-t market
  01/08/18
TITCR
Nofapping partner
  01/08/18
can you please post your column headings for that spreadshee...
Kink-friendly Hospital
  01/08/18
Someone here will get fraud pwned. I'll bet my unreported cr...
Salmon fragrant stead
  01/08/18
CR, esp any whales who try to evade the larger the gains,...
Judgmental forum
  01/08/18
...
Salmon fragrant stead
  01/08/18
So should we sell?
Passionate Lay Wrinkle
  01/08/18
Honestly I wouldn't sell until you have 1MM. All or nothing
maroon low-t market
  01/08/18
A million isn't that much these days.
aquamarine dilemma keepsake machete
  01/08/18
It's not esp if you have to pay 39% taxes on it
Judgmental forum
  01/08/18
Don't even trade a single coin unless you've hired a CPA. Se...
floppy cruise ship depressive
  01/08/18
nocoiner nontaxcheater here: how will they know? and why no...
excitant doctorate
  01/08/18
They know by looking at poasts by people claiming to be noco...
floppy cruise ship depressive
  01/08/18
On counsel’s advice I should mention that I’m asking for a f...
excitant doctorate
  01/08/18
I heard good results with SWIM
floppy cruise ship depressive
  01/08/18
swim?
excitant doctorate
  01/08/18
Someone Who Isn't Me
Beady-eyed spruce weed whacker
  01/08/18
it's an old term originating from erowid.org & means wha...
Aromatic address
  01/08/18
ah yes, the old "open a Singapore bank account" tr...
Kink-friendly Hospital
  01/08/18
If you haven't hired a CPA to go over your coin-to-coin taxe...
Nofapping partner
  01/08/18
If you report anything other than coin to fiat you're a huge...
Electric autistic queen of the night
  01/08/18
Enjoy prison
walnut bipolar pistol
  01/08/18
Heh
Electric autistic queen of the night
  01/08/18
That's legit tax fraud
startling parlour
  01/08/18
see my question above: how will they ever know?
excitant doctorate
  01/08/18
If you've ever verified or used a major exchange like coinba...
startling parlour
  01/08/18
and hence the singapore option
excitant doctorate
  01/08/18
Nobody doing this on a small scale is going to get hit
Electric autistic queen of the night
  01/08/18
They're going to make an example of lots of people who belie...
startling parlour
  01/08/18
This isn't going to happen pussy
Electric autistic queen of the night
  01/08/18
This isn't a debate, nigger.
startling parlour
  01/08/18
Lol at your NOCOIN ass having a meltdown ITT
Electric autistic queen of the night
  01/08/18
Lol you maf deadbeat I've got more bags than you
startling parlour
  01/08/18
...
lime heady dingle berry
  01/08/18
...
Angry fat ankles stock car
  01/08/18
Yes, instead of making $1MM on crypto and having to pay $370...
trip office
  01/08/18
(Guy who missed the entire premise of this thread)
Nofapping partner
  01/08/18
...
floppy cruise ship depressive
  01/08/18
you might be retarded
Aphrodisiac anal sandwich trailer park
  01/08/18
wow
lime heady dingle berry
  01/08/18
So I'm going to jail for converting the $1 of Deepbrain chai...
Copper legend candlestick maker
  01/08/18
I am chuckling when I think about some IRS examiner going, &...
Cracking Sound Barrier
  01/08/18
"I don't feel like sorting through all this so you're g...
Frisky demanding national security agency hall
  01/08/18
"And what's this, Dogecoin?" "Yes." ...
stimulating foreskin gas station
  01/08/18
...
diverse main people principal's office
  01/08/18
...
Cracking Sound Barrier
  01/08/18
...
purple vivacious mother
  01/08/18
...
Grizzly Giraffe
  01/08/18
...
Crimson insecure dragon
  01/08/18
...
Burgundy Coiffed Piazza
  01/08/18
...
Glassy dead puppy factory reset button
  01/08/18
Actually laughing at this
duck-like boyish jew
  01/08/18
...
Supple Range Rigpig
  01/08/18
...
odious ceo corn cake
  01/08/18
lol
concupiscible translucent brunch
  01/08/18
*fines you for stupidity*
Orange wild stage marketing idea
  01/08/18
...
excitant doctorate
  01/08/18
...
exciting brethren
  01/10/18
LOL
Cerebral tan box office cuckold
  01/10/18
back in the day of day trading, i'm guessing the irs could h...
canary site
  01/08/18
...
180 naked chad locale
  01/08/18
So just buy the major cryptos with Fiat, then hodl?
Blue antidepressant drug legal warrant
  01/08/18
That strategy is easier and with less hassle, but also kneec...
Appetizing mahogany pit goal in life
  01/08/18
...
primrose alcoholic rigor therapy
  01/08/18
The way the market is going now, I might qualify for EIC nex...
cobalt halford church
  01/08/18
100% of my buys and 100% of my sells were through coinbase ...
big gaming laptop
  01/08/18
What are you talking about. You bought and sold a number of ...
High-end deer antler
  01/08/18
True just bat and MYST though But in total everything sta...
big gaming laptop
  01/08/18
This was ambiguous until January 1st of this year. I conside...
emerald clown
  01/08/18
I don’t get how this works. Does the IRS take a bite out eve...
Thriller twinkling home
  01/08/18
From now on, yes
emerald clown
  01/08/18
wtf how much? So If I just exchange ETH for BTC, but then re...
Thriller twinkling home
  01/08/18
Yes. But think of it this way. You have a new basis and ...
odious ceo corn cake
  01/08/18
No, there has to be an actual profit (or loss). So if you...
High-end deer antler
  01/08/18
Im guessing the calculation would be Coin X used to buy c...
emerald clown
  01/08/18
Only if you actually made a gain in the first coin at the ti...
High-end deer antler
  01/08/18
Thank. I fucking hate taxes.
Thriller twinkling home
  01/08/18
What if my gains are <10k? De minimis?
Thriller twinkling home
  01/08/18
...
Swashbuckling hateful ticket booth tattoo
  01/08/18
ITT: MAF nocoiners
Insane harsh point
  01/08/18
Weren’t you a nocoiner a week ago
yapping karate
  01/08/18
no I just wasn't on binance
Insane harsh point
  01/08/18
...
180 naked chad locale
  01/08/18
We live in a world where audits basically never happen unles...
duck-like boyish jew
  01/08/18
cr this thread is a bunch of risk averse lawyers freaking ou...
lascivious volcanic crater fortuitous meteor
  01/08/18
...
Electric autistic queen of the night
  01/08/18
That is definitely not the worst case scenario, dummy. But y...
chocolate trust fund
  01/08/18
Let's assume my basis is the price of the bitcoin I bought l...
duck-like boyish jew
  01/08/18
They'll look at flipping shitcoins the same way they do day ...
vigorous clear sweet tailpipe
  01/08/18
IRS doesn’t arrest people you idiots
yapping karate
  01/08/18
...
lascivious volcanic crater fortuitous meteor
  01/08/18
They just call i the FBI and stand RIGHT next to you as the ...
odious ceo corn cake
  01/08/18
i know a guy who got fucked on something like this in stock ...
Supple Range Rigpig
  01/08/18
one weird trick
Frisky demanding national security agency hall
  01/08/18
Pretty sure you can carry over losses in such cases no?
duck-like boyish jew
  01/08/18
with crypto its very easy to get hacked and lose it all...
lascivious volcanic crater fortuitous meteor
  01/08/18
Most likely his situation is similar to mine, he exercised o...
Dun Vibrant Stag Film
  01/08/18
The IRS Wants Its Fair Share Where there's tons of money ...
canary site
  01/08/18
Reminder: using Shapeshift is a taxable event under IRS rule...
Ocher Mediation Field
  01/08/18
lol ((coinbase)) shoulda been raising red flags ever since t...
slap-happy multi-billionaire electric furnace
  01/08/18
so crypto is not anonymous there are big fees to use it so...
canary site
  01/08/18
...
yellow bespoke turdskin
  01/10/18
bitcoin.tax
stimulating foreskin gas station
  01/08/18
very few of the fake 'shitcoin hundred-thousandaire' bulls o...
Very Tactful Spot
  01/10/18
As a kid I had baseball cards worth THOUSANDS of dollars acc...
vigorous clear sweet tailpipe
  01/10/18
what in the world are you talking about
pearl razzle pisswyrm garrison
  01/10/18
...
swollen nursing home
  01/13/18
"But I poop from there!" IRS: "Lol, not righ...
Ruby knife
  01/10/18
...
excitant doctorate
  01/10/18
looks like the gooks are solving that problem for us
Orange wild stage marketing idea
  01/10/18


Poast new message in this thread



Reply Favorite

Date: January 8th, 2018 2:17 AM
Author: floppy cruise ship depressive



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107231)



Reply Favorite

Date: January 8th, 2018 2:28 AM
Author: startling parlour

I legitimately think more than one poaster will be very seriously fined or arrested.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107260)



Reply Favorite

Date: January 8th, 2018 2:33 AM
Author: amethyst mischievous stage fanboi

Idk about arrested but DEFINITELY a LOT of people here getting fined for juggling shitcoins.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107268)



Reply Favorite

Date: January 8th, 2018 2:48 AM
Author: coral bull headed nowag liquid oxygen

spin, ratfucks

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107298)



Reply Favorite

Date: January 8th, 2018 2:51 AM
Author: Fighting useless brakes

Cr. It's not just going to be whales either. Some of the poasters who get sloppy reporting on 2 or 3 thousand in gains are going to be made an example of.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107302)



Reply Favorite

Date: January 8th, 2018 3:00 AM
Author: floppy cruise ship depressive

These are the ones who will get got in droves.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107322)



Reply Favorite

Date: January 8th, 2018 3:09 AM
Author: french love of her life public bath

So literally everyone here.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107349)



Reply Favorite

Date: January 8th, 2018 3:17 AM
Author: Nofapping partner

This is what I'm waiting for. Shit is going to get real for the little guys.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107377)



Reply Favorite

Date: January 8th, 2018 2:34 AM
Author: Judgmental forum

Probably, I have employed a CPA to help me put together an excel - no flame.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107270)



Reply Favorite

Date: January 8th, 2018 2:44 AM
Author: maroon low-t market

Cr I saw some dumbass yesterday say he's just going to sell all his shitcoins for ETH when he's done and move it to gdax and report total gains in ETH. I almost shat myself with laughter imagining his inevitable arrest.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107295)



Reply Favorite

Date: January 8th, 2018 3:19 AM
Author: Nofapping partner

TITCR

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107382)



Reply Favorite

Date: January 8th, 2018 5:34 PM
Author: Kink-friendly Hospital

can you please post your column headings for that spreadsheet? TYIA

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111572)



Reply Favorite

Date: January 8th, 2018 2:40 AM
Author: Salmon fragrant stead

Someone here will get fraud pwned. I'll bet my unreported cryptopia gains on it.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107285)



Reply Favorite

Date: January 8th, 2018 2:41 AM
Author: Judgmental forum

CR, esp any whales who try to evade

the larger the gains, the more scrutiny IMO

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107289)



Reply Favorite

Date: January 8th, 2018 2:52 AM
Author: Salmon fragrant stead



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107307)



Reply Favorite

Date: January 8th, 2018 2:46 AM
Author: Passionate Lay Wrinkle

So should we sell?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107296)



Reply Favorite

Date: January 8th, 2018 2:48 AM
Author: maroon low-t market

Honestly I wouldn't sell until you have 1MM. All or nothing

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107297)



Reply Favorite

Date: January 8th, 2018 9:23 AM
Author: aquamarine dilemma keepsake machete

A million isn't that much these days.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108022)



Reply Favorite

Date: January 8th, 2018 12:53 PM
Author: Judgmental forum

It's not esp if you have to pay 39% taxes on it

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109415)



Reply Favorite

Date: January 8th, 2018 3:03 AM
Author: floppy cruise ship depressive

Don't even trade a single coin unless you've hired a CPA. Serious.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107332)



Reply Favorite

Date: January 8th, 2018 2:51 AM
Author: excitant doctorate

nocoiner nontaxcheater here: how will they know?

and why not just get a bank account in Singapore and go from there? cheap flight to Singapore to open an account seems worth it if we are talking serious shitcoin holdings

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107303)



Reply Favorite

Date: January 8th, 2018 3:02 AM
Author: floppy cruise ship depressive

They know by looking at poasts by people claiming to be nocoin nocheat discussing moving serious shitcoin holdings to Singapore.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107328)



Reply Favorite

Date: January 8th, 2018 3:03 AM
Author: excitant doctorate

On counsel’s advice I should mention that I’m asking for a friend.

Edit: no wait I’m not asking for a friend, it’s a hypothetical question involving a hypothetical friend.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107331)



Reply Favorite

Date: January 8th, 2018 3:04 AM
Author: floppy cruise ship depressive

I heard good results with SWIM

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107336)



Reply Favorite

Date: January 8th, 2018 3:41 AM
Author: excitant doctorate

swim?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107420)



Reply Favorite

Date: January 8th, 2018 9:28 AM
Author: Beady-eyed spruce weed whacker

Someone Who Isn't Me

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108041)



Reply Favorite

Date: January 8th, 2018 10:07 AM
Author: Aromatic address

it's an old term originating from erowid.org & means what the above poaster said: "someone who isn't me"

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108245)



Reply Favorite

Date: January 8th, 2018 5:37 PM
Author: Kink-friendly Hospital

ah yes, the old "open a Singapore bank account" trick! IRS hates it!

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111596)



Reply Favorite

Date: January 8th, 2018 3:15 AM
Author: Nofapping partner

If you haven't hired a CPA to go over your coin-to-coin taxes you're not just insane, you're going to jail.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107368)



Reply Favorite

Date: January 8th, 2018 3:45 AM
Author: Electric autistic queen of the night

If you report anything other than coin to fiat you're a huge fucking cuck pussy

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107428)



Reply Favorite

Date: January 8th, 2018 3:47 AM
Author: walnut bipolar pistol

Enjoy prison

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107435)



Reply Favorite

Date: January 8th, 2018 3:47 AM
Author: Electric autistic queen of the night

Heh

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107436)



Reply Favorite

Date: January 8th, 2018 3:51 AM
Author: startling parlour

That's legit tax fraud

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107448)



Reply Favorite

Date: January 8th, 2018 3:53 AM
Author: excitant doctorate

see my question above: how will they ever know?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107456)



Reply Favorite

Date: January 8th, 2018 3:55 AM
Author: startling parlour

If you've ever verified or used a major exchange like coinbase/gdax you're on their radar.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107465)



Reply Favorite

Date: January 8th, 2018 4:00 AM
Author: excitant doctorate

and hence the singapore option

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107475)



Reply Favorite

Date: January 8th, 2018 3:54 AM
Author: Electric autistic queen of the night

Nobody doing this on a small scale is going to get hit

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107459)



Reply Favorite

Date: January 8th, 2018 3:57 AM
Author: startling parlour

They're going to make an example of lots of people who believe tax evasion and fraud is ok because it's just "small scale." You people are greedy and stupid. Pay your taxes like everyone else, deadbeats.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107469)



Reply Favorite

Date: January 8th, 2018 5:00 AM
Author: Electric autistic queen of the night

This isn't going to happen pussy

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107556)



Reply Favorite

Date: January 8th, 2018 5:01 AM
Author: startling parlour

This isn't a debate, nigger.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107560)



Reply Favorite

Date: January 8th, 2018 5:10 AM
Author: Electric autistic queen of the night

Lol at your NOCOIN ass having a meltdown ITT

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107575)



Reply Favorite

Date: January 8th, 2018 5:13 AM
Author: startling parlour

Lol you maf deadbeat I've got more bags than you

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107580)



Reply Favorite

Date: January 8th, 2018 8:50 PM
Author: lime heady dingle berry



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112955)



Reply Favorite

Date: January 8th, 2018 5:02 AM
Author: Angry fat ankles stock car



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107562)



Reply Favorite

Date: January 8th, 2018 5:15 AM
Author: trip office

Yes, instead of making $1MM on crypto and having to pay $370K in taxes along with $500 for an accountant, let's just keep our $50K in our bank savings account where it can earn 1.2% annually and easily be computed by a $35 TurboTax CD-ROM. Great idea!

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107584)



Reply Favorite

Date: January 8th, 2018 5:18 AM
Author: Nofapping partner

(Guy who missed the entire premise of this thread)

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107588)



Reply Favorite

Date: January 8th, 2018 8:05 AM
Author: floppy cruise ship depressive



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107757)



Reply Favorite

Date: January 8th, 2018 9:22 AM
Author: Aphrodisiac anal sandwich trailer park

you might be retarded

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108018)



Reply Favorite

Date: January 8th, 2018 8:52 PM
Author: lime heady dingle berry

wow

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112967)



Reply Favorite

Date: January 8th, 2018 9:14 AM
Author: Copper legend candlestick maker

So I'm going to jail for converting the $1 of Deepbrain chain I got on Kucoin KCS dividedends to ETH?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35107979)



Reply Favorite

Date: January 8th, 2018 9:24 AM
Author: Cracking Sound Barrier

I am chuckling when I think about some IRS examiner going, "So, on November 8, 2017, you traded 4.8000034 ETH for 8,957 OMG at 10 pm, then 3,294 OMG for 1.298303 BTC at 10:30 pm, transferred 0.58674 BTC from Poloniex to Binance at 11 p.m., bought 68,490 Dentacoin at 11:45 p.m., then sold 68,490 Dentacoin at at 12.9% loss at 12:10 a.m., and then repurchased 2.489002 ETH at 12:15 a.m.? And there's 364 days where you did something similar?"

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108029)



Reply Favorite

Date: January 8th, 2018 9:33 AM
Author: Frisky demanding national security agency hall

"I don't feel like sorting through all this so you're going to jail"

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108052)



Reply Favorite

Date: January 8th, 2018 9:37 AM
Author: stimulating foreskin gas station

"And what's this, Dogecoin?"

"Yes."

"And what's this one?"

"It's based on an MS Paint of a dog with misspelled words."

"..."

"..."

"And you purchased $10,000 worth of this?"

"Approximately, yes."

"..."

"..."

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108066)



Reply Favorite

Date: January 8th, 2018 9:48 AM
Author: diverse main people principal's office



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108135)



Reply Favorite

Date: January 8th, 2018 9:59 AM
Author: Cracking Sound Barrier



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108204)



Reply Favorite

Date: January 8th, 2018 10:02 AM
Author: purple vivacious mother



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108221)



Reply Favorite

Date: January 8th, 2018 10:06 AM
Author: Grizzly Giraffe



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108239)



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Date: January 8th, 2018 12:49 PM
Author: Crimson insecure dragon



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109398)



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Date: January 8th, 2018 12:51 PM
Author: Burgundy Coiffed Piazza



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109402)



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Date: January 8th, 2018 12:57 PM
Author: Glassy dead puppy factory reset button



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109437)



Reply Favorite

Date: January 8th, 2018 1:03 PM
Author: duck-like boyish jew

Actually laughing at this

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109499)



Reply Favorite

Date: January 8th, 2018 2:08 PM
Author: Supple Range Rigpig



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110063)



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Date: January 8th, 2018 1:05 PM
Author: odious ceo corn cake



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109515)



Reply Favorite

Date: January 8th, 2018 2:13 PM
Author: concupiscible translucent brunch

lol

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110091)



Reply Favorite

Date: January 8th, 2018 5:38 PM
Author: Orange wild stage marketing idea

*fines you for stupidity*

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111600)



Reply Favorite

Date: January 8th, 2018 8:52 PM
Author: excitant doctorate



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112972)



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Date: January 10th, 2018 10:52 PM
Author: exciting brethren



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129345)



Reply Favorite

Date: January 10th, 2018 11:25 PM
Author: Cerebral tan box office cuckold

LOL

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129582)



Reply Favorite

Date: January 8th, 2018 1:27 PM
Author: canary site

back in the day of day trading, i'm guessing the irs could handle this just fine and it would look very similar to what you are describing.

it really isn't complicated

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109688)



Reply Favorite

Date: January 8th, 2018 8:44 PM
Author: 180 naked chad locale



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112903)



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Date: January 8th, 2018 9:37 AM
Author: Blue antidepressant drug legal warrant

So just buy the major cryptos with Fiat, then hodl?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108067)



Reply Favorite

Date: January 8th, 2018 9:52 AM
Author: Appetizing mahogany pit goal in life

That strategy is easier and with less hassle, but also kneecaps your potential gains.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108158)



Reply Favorite

Date: January 8th, 2018 10:12 AM
Author: primrose alcoholic rigor therapy



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108278)



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Date: January 8th, 2018 10:15 AM
Author: cobalt halford church

The way the market is going now, I might qualify for EIC next year.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35108295)



Reply Favorite

Date: January 8th, 2018 12:54 PM
Author: big gaming laptop

100% of my buys and 100% of my sells were through coinbase

I sent some eth to gdax and then eventually sent it back to coinbase to cash out

Is the coinbase document sufficient?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109421)



Reply Favorite

Date: January 8th, 2018 1:00 PM
Author: High-end deer antler

What are you talking about. You bought and sold a number of shitcoins not offered on Coinbase.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109464)



Reply Favorite

Date: January 8th, 2018 1:14 PM
Author: big gaming laptop

True just bat and MYST though

But in total everything started and ending at coinbase

I sent eth to liqui for trading some bat and MYST turned it back to eth and eventually sold on coinbase

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109583)



Reply Favorite

Date: January 8th, 2018 12:57 PM
Author: emerald clown

This was ambiguous until January 1st of this year. I consider any trades going forward taxable and will only be doing coin to fiat for withdraw into bank account. But will not count this past year's transactions which were all coin to coin



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109435)



Reply Favorite

Date: January 8th, 2018 12:57 PM
Author: Thriller twinkling home

I don’t get how this works. Does the IRS take a bite out every time I swap a coin for another coin?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109436)



Reply Favorite

Date: January 8th, 2018 12:58 PM
Author: emerald clown

From now on, yes



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109445)



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Date: January 8th, 2018 1:01 PM
Author: Thriller twinkling home

wtf how much? So If I just exchange ETH for BTC, but then regret it and immediately exchange it back, the IRS is taking a chunk?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109472)



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Date: January 8th, 2018 1:03 PM
Author: odious ceo corn cake

Yes.

But think of it this way. You have a new basis and will pay less in taxoes down the road. hehehe

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109502)



Reply Favorite

Date: January 8th, 2018 1:03 PM
Author: High-end deer antler

No, there has to be an actual profit (or loss).

So if you bought ETH at $10, and then exhange it for BTC a year later when ETH is worth $1000, the $990 ETH gain (1000-10) is taxable.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109504)



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Date: January 8th, 2018 1:05 PM
Author: emerald clown

Im guessing the calculation would be

Coin X used to buy coin Y:

USD value of amount of coin Y purchased

(minus)

USD value of amount of coin X used to buy coin Y, when originally purchased coin x.

That amount taxed at capital gain rate for short term or long term based on your income bracket.



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109517)



Reply Favorite

Date: January 8th, 2018 1:02 PM
Author: High-end deer antler

Only if you actually made a gain in the first coin at the time of the transaction.



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109487)



Reply Favorite

Date: January 8th, 2018 1:02 PM
Author: Thriller twinkling home

Thank. I fucking hate taxes.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109496)



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Date: January 8th, 2018 1:02 PM
Author: Thriller twinkling home

What if my gains are <10k? De minimis?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109493)



Reply Favorite

Date: January 8th, 2018 1:59 PM
Author: Swashbuckling hateful ticket booth tattoo



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110003)



Reply Favorite

Date: January 8th, 2018 1:04 PM
Author: Insane harsh point

ITT: MAF nocoiners

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109509)



Reply Favorite

Date: January 8th, 2018 1:19 PM
Author: yapping karate

Weren’t you a nocoiner a week ago

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109628)



Reply Favorite

Date: January 8th, 2018 1:31 PM
Author: Insane harsh point

no I just wasn't on binance

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109728)



Reply Favorite

Date: January 8th, 2018 8:45 PM
Author: 180 naked chad locale



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35112904)



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Date: January 8th, 2018 1:07 PM
Author: duck-like boyish jew

We live in a world where audits basically never happen unless you check certain high risk boxes. And even then the chances are totally remote.

Ill happily bet against some irs guy digging through my million random coin for coin trades. Worst case scenario is I just incorrectly deferred a bunch of gains to a future tax year.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109526)



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Date: January 8th, 2018 1:16 PM
Author: lascivious volcanic crater fortuitous meteor

cr this thread is a bunch of risk averse lawyers freaking out for no fucking reason. no ones going to jail if they paid tax on fiat coming out of the exchange.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109595)



Reply Favorite

Date: January 8th, 2018 5:28 PM
Author: Electric autistic queen of the night



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111514)



Reply Favorite

Date: January 8th, 2018 1:19 PM
Author: chocolate trust fund

That is definitely not the worst case scenario, dummy. But you are right about the infrequency of audits. Unless irs gets the info it would need from one of these exchanges (already happened/pretty likely for at least some of it) AND gets the inclination and resources to run a big audit program (pretty unlikely) most of you cheats will slide through.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109625)



Reply Favorite

Date: January 8th, 2018 1:24 PM
Author: duck-like boyish jew

Let's assume my basis is the price of the bitcoin I bought last year. Sometime this year I bring back 30x more bitcoin to my coinbase account and redeposit the proceeds into my checking account. I pay short term cap gains taxes on everything.

Won't I have paid taxes on every penny of my net crypto income, except with much less headache and paperwork? This obviously isnt the technically correct approach - I'm saying its almost impossible it'll be caught and in any case I won't have evaded any taxes

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109657)



Reply Favorite

Date: January 8th, 2018 1:11 PM
Author: vigorous clear sweet tailpipe

They'll look at flipping shitcoins the same way they do day traders (because it is) to decide whether or not to fuck you (they will)

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109556)



Reply Favorite

Date: January 8th, 2018 1:44 PM
Author: yapping karate

IRS doesn’t arrest people you idiots

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35109849)



Reply Favorite

Date: January 8th, 2018 2:04 PM
Author: lascivious volcanic crater fortuitous meteor



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110036)



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Date: January 8th, 2018 2:05 PM
Author: odious ceo corn cake

They just call i the FBI and stand RIGHT next to you as the FBI arrests you.

BIG DIFFERENCE.

http://www.stevemiller4lasvegas.com/D%27ApiceOnGround.jpg

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110048)



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Date: January 8th, 2018 2:11 PM
Author: Supple Range Rigpig

i know a guy who got fucked on something like this in stock options. except i think he eventually lost so much he couldn’t pay the taxes and went bankrupt.

like made a million one year but lost it all the next so couldn’t pay the taxes on the gain anymore.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110076)



Reply Favorite

Date: January 8th, 2018 2:15 PM
Author: Frisky demanding national security agency hall

one weird trick

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110102)



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Date: January 8th, 2018 2:16 PM
Author: duck-like boyish jew

Pretty sure you can carry over losses in such cases no?

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110110)



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Date: January 8th, 2018 2:17 PM
Author: lascivious volcanic crater fortuitous meteor

with crypto its very easy to get hacked and lose it all...

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110114)



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Date: January 8th, 2018 5:46 PM
Author: Dun Vibrant Stag Film

Most likely his situation is similar to mine, he exercised options of a non-public company (non-liquid) and had to pay taxes on the on-paper gains (differences between his option price and the current 409A valuation). If the company never goes public, becomes bankrupt, or goes public but at a lower price per share than the 409A and never recovers you can be very much tax fucked.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111654)



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Date: January 8th, 2018 2:17 PM
Author: canary site

The IRS Wants Its Fair Share

Where there's tons of money to be made, the taxman will surely follow, and bitcoin exchanges like Coinbase aren't immune to this fundamental truth. In November 2017, Coinbase was forced by the federal court to comply with the IRS and divulge information on at least 14,000 accounts that were responsible for 9 million transactions between 2013 and 2015.

In its request, the IRS originally demanded that Coinbase identify and report more than a million accounts, but later scaled it back to only report high-volume traders with accounts that are worth $20,000 or more and only focused on bitcoin. With one bitcoin now worth close to $20,000 and rising, significantly more Coinbase account holders will come under the scrutiny of the IRS as it prepares to investigate transactions for 2016 and 2017.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35110116)



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Date: January 8th, 2018 5:30 PM
Author: Ocher Mediation Field

Reminder: using Shapeshift is a taxable event under IRS rules. lol at anyone who hasn't kept records of all the times they've used it.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111527)



Reply Favorite

Date: January 8th, 2018 5:40 PM
Author: slap-happy multi-billionaire electric furnace

lol ((coinbase)) shoulda been raising red flags ever since the instant buy became a 7% fee

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35111614)



Reply Favorite

Date: January 8th, 2018 9:18 PM
Author: canary site

so crypto is not anonymous

there are big fees to use it

sounds like a great investment

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35113163)



Reply Favorite

Date: January 10th, 2018 11:20 PM
Author: yellow bespoke turdskin



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129552)



Reply Favorite

Date: January 8th, 2018 10:01 PM
Author: stimulating foreskin gas station

bitcoin.tax

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35113442)



Reply Favorite

Date: January 10th, 2018 10:51 PM
Author: Very Tactful Spot

very few of the fake 'shitcoin hundred-thousandaire' bulls on XO actually know how they're going to get their money out and recoup, let alone deal with taxes.

once you start getting into the practical reality of this stuff, you realize how full of shit and delusional all these neckbeard scamcoin investors really are. we're talking about people are who are gambling based on the advice of a few chinese market speculators who are in turn being pied-piper by more heavily invested coin hucksters.

but the genus 145 IQ average IQ XO braintrust insists that this is the windfall of the century. its not for nothing that the majority of XO crypto obsessives are underemployed middling IQ chumps with zero other assets or investments. the enthusiasm around here is born from ignorance, not verifiable success.

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129333)



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Date: January 10th, 2018 11:25 PM
Author: vigorous clear sweet tailpipe

As a kid I had baseball cards worth THOUSANDS of dollars according Beckett Monthly

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129587)



Reply Favorite

Date: January 10th, 2018 11:29 PM
Author: pearl razzle pisswyrm garrison

what in the world are you talking about

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129638)



Reply Favorite

Date: January 13th, 2018 12:54 AM
Author: swollen nursing home



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35145500)



Reply Favorite

Date: January 10th, 2018 10:51 PM
Author: Ruby knife

"But I poop from there!"

IRS: "Lol, not right now you don't."

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129337)



Reply Favorite

Date: January 10th, 2018 10:54 PM
Author: excitant doctorate



(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129361)



Reply Favorite

Date: January 10th, 2018 11:23 PM
Author: Orange wild stage marketing idea

looks like the gooks are solving that problem for us

(http://www.autoadmit.com/thread.php?thread_id=3852837&forum_id=2#35129575)