KingRevolver Posted August 13, 2017 Report Share Posted August 13, 2017 Wade reversed mushed Cryptos. Quote Link to comment Share on other sites More sharing options...
Guest pocketrockets Posted August 13, 2017 Report Share Posted August 13, 2017 LOL, pretty much Quote Link to comment Share on other sites More sharing options...
IAG Posted August 13, 2017 Report Share Posted August 13, 2017 Maybe he could specifically reverse mush Etherium some more. Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted August 14, 2017 Report Share Posted August 14, 2017 Wade? Enlighten us some more. Quote Link to comment Share on other sites More sharing options...
ajt Posted August 14, 2017 Report Share Posted August 14, 2017 Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted August 14, 2017 Author Report Share Posted August 14, 2017 glad they went back up. have quite a few ether. Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted August 14, 2017 Report Share Posted August 14, 2017 Sure ya do, donk. Quote Link to comment Share on other sites More sharing options...
IAG Posted August 14, 2017 Report Share Posted August 14, 2017 At $4200 when I woke up. Hoping for a big GBTC day. Quote Link to comment Share on other sites More sharing options...
IAG Posted August 14, 2017 Report Share Posted August 14, 2017 At $4200 when I woke up. Hoping for a big GBTC day.Holy shit. GBTC up $147 per share this morning. Quote Link to comment Share on other sites More sharing options...
IAG Posted August 15, 2017 Report Share Posted August 15, 2017 At $4200 when I woke up. Hoping for a big GBTC day.4400 Quote Link to comment Share on other sites More sharing options...
IAG Posted August 17, 2017 Report Share Posted August 17, 2017 New high of $4,479 earlier this morning. Quote Link to comment Share on other sites More sharing options...
rito Posted August 17, 2017 Report Share Posted August 17, 2017 jfc, if i sat on all my payouts in last year i could retire now Quote Link to comment Share on other sites More sharing options...
IAG Posted August 17, 2017 Report Share Posted August 17, 2017 jfc, if i sat on all my payouts in last year i could retire nowI remember you talking about how much you had traded in. and that was over $2000 ago. I can only imagine. If I could've seen the future I would've been better off sitting tight on all BTC for 3 months instead of exchanging a number for some of these smaller coins. They took a decent amount of my profit. Hindsight. Quote Link to comment Share on other sites More sharing options...
rito Posted August 17, 2017 Report Share Posted August 17, 2017 To be fair, i pull out money when i need it. So sitting on the coins wasn't really an option. But i puiled out 30k in march for taxes when it was like $900. could have waited to pay irs and just paid the fine and made 100k Quote Link to comment Share on other sites More sharing options...
WVU Posted August 17, 2017 Report Share Posted August 17, 2017 Does anyone pay taxes on cyber currency growth? The IRS might be targeting those people. Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted August 17, 2017 Report Share Posted August 17, 2017 Does anyone pay taxes on cyber currency growth? The IRS might be targeting those people. If u sell through coinbase then you should, coinbase asks for ur social now if u buy 2500 or more in 1 shot now I believe and the IRS has asked coinbase to fork over all the people's information. It'll take them years to comb through BUT remember if you do owe them taxes from the gains and they send you a later 3 years later for your pretty pennies, you'll be paying for the interest as well for the 3 years even though they were the slow fucks. As for the actual filing it's where it gets a bit tricky, some people file it as capital gain but IRS can reject it as a capital gain as there's no real set in stone. I remember one of the court ruling that bitcoin is NOT a currency which in turn would not be considered a capital gain, and some have straight up filed it as cost of goods sold vs bought minus fees. But I haven't kept up on the ruling and if there were any appeals following that. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted August 17, 2017 Author Report Share Posted August 17, 2017 If u sell through coinbase then you should, coinbase asks for ur social now if u buy 2500 or more in 1 shot now I believe and the IRS has asked coinbase to fork over all the people's information. It'll take them years to comb through BUT remember if you do owe them taxes from the gains and they send you a later 3 years later for your pretty pennies, you'll be paying for the interest as well for the 3 years even though they were the slow fucks. As for the actual filing it's where it gets a bit tricky, some people file it as capital gain but IRS can reject it as a capital gain as there's no real set in stone. I remember one of the court ruling that bitcoin is NOT a currency which in turn would not be considered a capital gain, and some have straight up filed it as cost of goods sold vs bought minus fees. But I haven't kept up on the ruling and if there were any appeals following that. just send it to a sportsbook and cashout there Quote Link to comment Share on other sites More sharing options...
sleepy Posted August 17, 2017 Report Share Posted August 17, 2017 If u sell through coinbase then you should, coinbase asks for ur social now if u buy 2500 or more in 1 shot now I believe and the IRS has asked coinbase to fork over all the people's information. It'll take them years to comb through BUT remember if you do owe them taxes from the gains and they send you a later 3 years later for your pretty pennies, you'll be paying for the interest as well for the 3 years even though they were the slow fucks. As for the actual filing it's where it gets a bit tricky, some people file it as capital gain but IRS can reject it as a capital gain as there's no real set in stone. I remember one of the court ruling that bitcoin is NOT a currency which in turn would not be considered a capital gain, and some have straight up filed it as cost of goods sold vs bought minus fees. But I haven't kept up on the ruling and if there were any appeals following that. how the fukk they going to know when most of the gains get gambled away at the online casinos or used to buy drugs on the dark web Quote Link to comment Share on other sites More sharing options...
WVU Posted August 17, 2017 Report Share Posted August 17, 2017 If u sell through coinbase then you should, coinbase asks for ur social now if u buy 2500 or more in 1 shot now I believe and the IRS has asked coinbase to fork over all the people's information. It'll take them years to comb through BUT remember if you do owe them taxes from the gains and they send you a later 3 years later for your pretty pennies, you'll be paying for the interest as well for the 3 years even though they were the slow fucks. As for the actual filing it's where it gets a bit tricky, some people file it as capital gain but IRS can reject it as a capital gain as there's no real set in stone. I remember one of the court ruling that bitcoin is NOT a currency which in turn would not be considered a capital gain, and some have straight up filed it as cost of goods sold vs bought minus fees. But I haven't kept up on the ruling and if there were any appeals following that.Thanks MT. The more I read the more I think bitcoin millionaires are going to be targeted. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted August 17, 2017 Author Report Share Posted August 17, 2017 Tuck Faxes Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted August 17, 2017 Report Share Posted August 17, 2017 how the fukk they going to know when most of the gains get gambled away at the online casinos or used to buy drugs on the dark web The gain needs to be realized. Say you bought 1 coin for 100 dollars and then say you left it there and turned into 200 dollars. If you send 100 dollars to sportsbook XYZ and you still have 100 worth of coin, you don't pay taxes on that 100 dollar you sent to the book. If you say sold the coin and say after fees it's 180 bux back to your bank account, you're going to pay taxes on that gain.. It's fairly fluid and I'm not sure if things have changed since I brushed up on it. But I also have my doubts the IRS is going to target everyone i'm sure as WVU said they have a certain # they are filtering though and it'll be bitcoin millionaires... Quote Link to comment Share on other sites More sharing options...
IAG Posted August 17, 2017 Report Share Posted August 17, 2017 IRS is asking for records for those with $20,000 plus transactions between 2013 and 2015. They wanted more extensive records, but for now the Supreme Court has blocked that I think. I didn't think about exchanging BTC coin for alt coins in terms of keeping records as to what .2733535 BTC was worth on x date at x time, and and what say, NEO was worth at x date and x time. All I have Are my fiat records. I probably have at least 100 transactions coin to coiin. There is no way I'll be able to figure all that out. On the upside, no IRS auditor is going to want to figure that out either. Seriously in the last few days I have just been thinking about this. I was only thinking about needing to figure when I converted to US dollars, but from what I understand, I'm pretty much screwed. I have no idea how I will figure this out. Quote Link to comment Share on other sites More sharing options...
rito Posted August 17, 2017 Report Share Posted August 17, 2017 Thanks MT. The more I read the more I think bitcoin millionaires are going to be targeted.They will definitely be targets if they haven't paid taxes. But, if it's an investment and they are still holding shouldn't be an taxes yet. I only hold for.minimal time but if make or lose usd I track it as part of my income. Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted August 18, 2017 Report Share Posted August 18, 2017 I wish I had a time machine, I'd go back two years. Imagine having about a couple hundred of these fuckin' coins. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted August 18, 2017 Report Share Posted August 18, 2017 Wade reversed mushed Cryptos. Let's wait till he says they're going up and that will be the top! Quote Link to comment Share on other sites More sharing options...
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