Problems with sending/receiving BTC

[Fecal Tornado]

MM is this true

 

 

 

 

 

But here's the problem: Almost no one reports this.

From 2013 to 2015, fewer than 900 people each year reported bitcoin transactions to the IRS. That prompted the IRS in 2014 to label cyrptocurrency as property back and to recently serve a summons to Coinbase. In it, the agency called for the records of over 14,000 users who have "bought, sold, sent or received at least $20,000 worth of bitcoin in a given year."

 

 

WTF

[IAG]

FT....is this the first you are hearing of that? They wanted a wider scope of records, but Coinbase base successfully fought that....for now anyway.

[Fecal Tornado]

FT....is this the first you are hearing of that? They wanted a wider scope of records, but Coinbase base successfully fought that....for now anyway.

thought it was min amount(Total holding) NOT total amount bought,sent,received actually any ran through your account

[IAG]

thought it was min amount(Total holding) NOT total amount bought,sent,received actually any ran through your account

Apparently it is the total amount run through your account. I initially thought they meant in a single transaction, or a total of 20 k in buys or sells, but I think It was decided that it was anyone who had total of $20,000 or more in any kind of transactions in any of those years..2013-2105.

There was a thread here a while back. Probably used in part as a scare tactic to make sure all the people that made money this year are claiming on their taxes.