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

...
Elite jew
  01/08/18
I legitimately think more than one poaster will be very seri...
Well-lubricated Fanboi
  01/08/18
Idk about arrested but DEFINITELY a LOT of people here getti...
light toilet seat
  01/08/18
spin, ratfucks
filthy cowardly generalized bond
  01/08/18
Cr. It's not just going to be whales either. Some of the poa...
duck-like trip associate
  01/08/18
These are the ones who will get got in droves.
Elite jew
  01/08/18
So literally everyone here.
Motley skinny woman
  01/08/18
This is what I'm waiting for. Shit is going to get real for ...
Marvelous Puppy
  01/08/18
Probably, I have employed a CPA to help me put together an e...
thriller claret university goal in life
  01/08/18
Cr I saw some dumbass yesterday say he's just going to sell ...
frum magenta pistol base
  01/08/18
TITCR
Marvelous Puppy
  01/08/18
can you please post your column headings for that spreadshee...
Ivory Impressive Sneaky Criminal Office
  01/08/18
Someone here will get fraud pwned. I'll bet my unreported cr...
Aphrodisiac site
  01/08/18
CR, esp any whales who try to evade the larger the gains,...
thriller claret university goal in life
  01/08/18
...
Aphrodisiac site
  01/08/18
So should we sell?
Abusive background story
  01/08/18
Honestly I wouldn't sell until you have 1MM. All or nothing
frum magenta pistol base
  01/08/18
A million isn't that much these days.
gaped party of the first part meetinghouse
  01/08/18
It's not esp if you have to pay 39% taxes on it
thriller claret university goal in life
  01/08/18
Don't even trade a single coin unless you've hired a CPA. Se...
Elite jew
  01/08/18
nocoiner nontaxcheater here: how will they know? and why no...
orchid crackhouse selfie
  01/08/18
They know by looking at poasts by people claiming to be noco...
Elite jew
  01/08/18
On counsel’s advice I should mention that I’m asking for a f...
orchid crackhouse selfie
  01/08/18
I heard good results with SWIM
Elite jew
  01/08/18
swim?
orchid crackhouse selfie
  01/08/18
Someone Who Isn't Me
Provocative Library Dragon
  01/08/18
it's an old term originating from erowid.org & means wha...
Impertinent range mediation
  01/08/18
ah yes, the old "open a Singapore bank account" tr...
Ivory Impressive Sneaky Criminal Office
  01/08/18
If you haven't hired a CPA to go over your coin-to-coin taxe...
Marvelous Puppy
  01/08/18
If you report anything other than coin to fiat you're a huge...
180 emerald sandwich spot
  01/08/18
Enjoy prison
razzle-dazzle potus headpube
  01/08/18
Heh
180 emerald sandwich spot
  01/08/18
That's legit tax fraud
Well-lubricated Fanboi
  01/08/18
see my question above: how will they ever know?
orchid crackhouse selfie
  01/08/18
If you've ever verified or used a major exchange like coinba...
Well-lubricated Fanboi
  01/08/18
and hence the singapore option
orchid crackhouse selfie
  01/08/18
Nobody doing this on a small scale is going to get hit
180 emerald sandwich spot
  01/08/18
They're going to make an example of lots of people who belie...
Well-lubricated Fanboi
  01/08/18
This isn't going to happen pussy
180 emerald sandwich spot
  01/08/18
This isn't a debate, nigger.
Well-lubricated Fanboi
  01/08/18
Lol at your NOCOIN ass having a meltdown ITT
180 emerald sandwich spot
  01/08/18
Lol you maf deadbeat I've got more bags than you
Well-lubricated Fanboi
  01/08/18
...
concupiscible partner
  01/08/18
...
Carnelian galvanic lodge
  01/08/18
Yes, instead of making $1MM on crypto and having to pay $370...
Stirring Cruel-hearted Den
  01/08/18
(Guy who missed the entire premise of this thread)
Marvelous Puppy
  01/08/18
...
Elite jew
  01/08/18
you might be retarded
Contagious lilac boltzmann
  01/08/18
wow
concupiscible partner
  01/08/18
So I'm going to jail for converting the $1 of Deepbrain chai...
Anal exciting parlour
  01/08/18
I am chuckling when I think about some IRS examiner going, &...
Fantasy-prone Obsidian Market
  01/08/18
"I don't feel like sorting through all this so you're g...
Carmine home
  01/08/18
"And what's this, Dogecoin?" "Yes." ...
submissive mahogany garrison
  01/08/18
...
clear rough-skinned wrinkle jap
  01/08/18
...
Fantasy-prone Obsidian Market
  01/08/18
...
turquoise misunderstood codepig crotch
  01/08/18
...
Wonderful cuckold state
  01/08/18
...
Sapphire Idiotic Fat Ankles Sanctuary
  01/08/18
...
razzmatazz coffee pot ladyboy
  01/08/18
...
Onyx parlor
  01/08/18
Actually laughing at this
Sick Opaque Locale Dopamine
  01/08/18
...
Maniacal aqua step-uncle's house becky
  01/08/18
...
Purple space
  01/08/18
lol
Maroon disturbing national telephone
  01/08/18
*fines you for stupidity*
fishy apoplectic messiness public bath
  01/08/18
...
orchid crackhouse selfie
  01/08/18
...
floppy station
  01/10/18
LOL
amethyst fragrant factory reset button faggot firefighter
  01/10/18
back in the day of day trading, i'm guessing the irs could h...
swashbuckling point ceo
  01/08/18
...
adventurous gay wizard temple
  01/08/18
So just buy the major cryptos with Fiat, then hodl?
boyish hall pocket flask
  01/08/18
That strategy is easier and with less hassle, but also kneec...
Lascivious Indecent Dysfunction Field
  01/08/18
...
gold persian ticket booth
  01/08/18
The way the market is going now, I might qualify for EIC nex...
irradiated casino
  01/08/18
100% of my buys and 100% of my sells were through coinbase ...
Domesticated Harsh Kitty
  01/08/18
What are you talking about. You bought and sold a number of ...
Massive area
  01/08/18
True just bat and MYST though But in total everything sta...
Domesticated Harsh Kitty
  01/08/18
This was ambiguous until January 1st of this year. I conside...
Garnet racy dilemma half-breed
  01/08/18
I don’t get how this works. Does the IRS take a bite out eve...
talented liquid oxygen trust fund
  01/08/18
From now on, yes
Garnet racy dilemma half-breed
  01/08/18
wtf how much? So If I just exchange ETH for BTC, but then re...
talented liquid oxygen trust fund
  01/08/18
Yes. But think of it this way. You have a new basis and ...
Purple space
  01/08/18
No, there has to be an actual profit (or loss). So if you...
Massive area
  01/08/18
Im guessing the calculation would be Coin X used to buy c...
Garnet racy dilemma half-breed
  01/08/18
Only if you actually made a gain in the first coin at the ti...
Massive area
  01/08/18
Thank. I fucking hate taxes.
talented liquid oxygen trust fund
  01/08/18
What if my gains are <10k? De minimis?
talented liquid oxygen trust fund
  01/08/18
...
curious box office
  01/08/18
ITT: MAF nocoiners
cracking sepia rigor plaza
  01/08/18
Weren’t you a nocoiner a week ago
transparent supple principal's office athletic conference
  01/08/18
no I just wasn't on binance
cracking sepia rigor plaza
  01/08/18
...
adventurous gay wizard temple
  01/08/18
We live in a world where audits basically never happen unles...
Sick Opaque Locale Dopamine
  01/08/18
cr this thread is a bunch of risk averse lawyers freaking ou...
High-end school cafeteria bbw
  01/08/18
...
180 emerald sandwich spot
  01/08/18
That is definitely not the worst case scenario, dummy. But y...
Blue big gas station place of business
  01/08/18
Let's assume my basis is the price of the bitcoin I bought l...
Sick Opaque Locale Dopamine
  01/08/18
They'll look at flipping shitcoins the same way they do day ...
cerebral bistre resort
  01/08/18
IRS doesn’t arrest people you idiots
transparent supple principal's office athletic conference
  01/08/18
...
High-end school cafeteria bbw
  01/08/18
They just call i the FBI and stand RIGHT next to you as the ...
Purple space
  01/08/18
i know a guy who got fucked on something like this in stock ...
Maniacal aqua step-uncle's house becky
  01/08/18
one weird trick
Carmine home
  01/08/18
Pretty sure you can carry over losses in such cases no?
Sick Opaque Locale Dopamine
  01/08/18
with crypto its very easy to get hacked and lose it all...
High-end school cafeteria bbw
  01/08/18
Most likely his situation is similar to mine, he exercised o...
laughsome antidepressant drug
  01/08/18
The IRS Wants Its Fair Share Where there's tons of money ...
swashbuckling point ceo
  01/08/18
Reminder: using Shapeshift is a taxable event under IRS rule...
glittery stead
  01/08/18
lol ((coinbase)) shoulda been raising red flags ever since t...
House-broken Bawdyhouse
  01/08/18
so crypto is not anonymous there are big fees to use it so...
swashbuckling point ceo
  01/08/18
...
Awkward vibrant tattoo
  01/10/18
bitcoin.tax
submissive mahogany garrison
  01/08/18
very few of the fake 'shitcoin hundred-thousandaire' bulls o...
Spectacular flesh nursing home
  01/10/18
As a kid I had baseball cards worth THOUSANDS of dollars acc...
cerebral bistre resort
  01/10/18
what in the world are you talking about
Flickering Slap-happy Senate Mad Cow Disease
  01/10/18
...
Navy stubborn police squad stage
  01/13/18
"But I poop from there!" IRS: "Lol, not righ...
Excitant Theatre
  01/10/18
...
orchid crackhouse selfie
  01/10/18
looks like the gooks are solving that problem for us
fishy apoplectic messiness public bath
  01/10/18


Poast new message in this thread



Reply Favorite

Date: January 8th, 2018 2:17 AM
Author: Elite jew



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



Reply Favorite

Date: January 8th, 2018 2:28 AM
Author: Well-lubricated Fanboi

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: light toilet seat

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: filthy cowardly generalized bond

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: duck-like trip associate

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: Elite jew

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: Motley skinny woman

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: Marvelous Puppy

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: thriller claret university goal in life

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: frum magenta pistol base

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: Marvelous Puppy

TITCR

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



Reply Favorite

Date: January 8th, 2018 5:34 PM
Author: Ivory Impressive Sneaky Criminal Office

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: Aphrodisiac site

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: thriller claret university goal in life

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: Aphrodisiac site



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



Reply Favorite

Date: January 8th, 2018 2:46 AM
Author: Abusive background story

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: frum magenta pistol base

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: gaped party of the first part meetinghouse

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: thriller claret university goal in life

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: Elite jew

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: orchid crackhouse selfie

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: Elite jew

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: orchid crackhouse selfie

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: Elite jew

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: orchid crackhouse selfie

swim?

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



Reply Favorite

Date: January 8th, 2018 9:28 AM
Author: Provocative Library Dragon

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: Impertinent range mediation

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: Ivory Impressive Sneaky Criminal Office

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: Marvelous Puppy

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: 180 emerald sandwich spot

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: razzle-dazzle potus headpube

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: 180 emerald sandwich spot

Heh

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



Reply Favorite

Date: January 8th, 2018 3:51 AM
Author: Well-lubricated Fanboi

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: orchid crackhouse selfie

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: Well-lubricated Fanboi

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: orchid crackhouse selfie

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: 180 emerald sandwich spot

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: Well-lubricated Fanboi

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: 180 emerald sandwich spot

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: Well-lubricated Fanboi

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: 180 emerald sandwich spot

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: Well-lubricated Fanboi

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: concupiscible partner



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



Reply Favorite

Date: January 8th, 2018 5:02 AM
Author: Carnelian galvanic lodge



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



Reply Favorite

Date: January 8th, 2018 5:15 AM
Author: Stirring Cruel-hearted Den

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: Marvelous Puppy

(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: Elite jew



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



Reply Favorite

Date: January 8th, 2018 9:22 AM
Author: Contagious lilac boltzmann

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: concupiscible partner

wow

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



Reply Favorite

Date: January 8th, 2018 9:14 AM
Author: Anal exciting parlour

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: Fantasy-prone Obsidian Market

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: Carmine home

"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: submissive mahogany garrison

"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: clear rough-skinned wrinkle jap



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



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Date: January 8th, 2018 9:59 AM
Author: Fantasy-prone Obsidian Market



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



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Date: January 8th, 2018 10:02 AM
Author: turquoise misunderstood codepig crotch



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



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Date: January 8th, 2018 10:06 AM
Author: Wonderful cuckold state



(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: Sapphire Idiotic Fat Ankles Sanctuary



(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: razzmatazz coffee pot ladyboy



(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: Onyx parlor



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



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Date: January 8th, 2018 1:03 PM
Author: Sick Opaque Locale Dopamine

Actually laughing at this

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



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Date: January 8th, 2018 2:08 PM
Author: Maniacal aqua step-uncle's house becky



(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: Purple space



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



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Date: January 8th, 2018 2:13 PM
Author: Maroon disturbing national telephone

lol

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



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Date: January 8th, 2018 5:38 PM
Author: fishy apoplectic messiness public bath

*fines you for stupidity*

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



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Date: January 8th, 2018 8:52 PM
Author: orchid crackhouse selfie



(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: floppy station



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



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Date: January 10th, 2018 11:25 PM
Author: amethyst fragrant factory reset button faggot firefighter

LOL

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



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Date: January 8th, 2018 1:27 PM
Author: swashbuckling point ceo

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)



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Date: January 8th, 2018 8:44 PM
Author: adventurous gay wizard temple



(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: boyish hall pocket flask

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

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



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Date: January 8th, 2018 9:52 AM
Author: Lascivious Indecent Dysfunction Field

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)



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Date: January 8th, 2018 10:12 AM
Author: gold persian ticket booth



(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: irradiated casino

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)



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Date: January 8th, 2018 12:54 PM
Author: Domesticated Harsh Kitty

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)



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Date: January 8th, 2018 1:00 PM
Author: Massive area

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)



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Date: January 8th, 2018 1:14 PM
Author: Domesticated Harsh Kitty

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)



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Date: January 8th, 2018 12:57 PM
Author: Garnet racy dilemma half-breed

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)



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Date: January 8th, 2018 12:57 PM
Author: talented liquid oxygen trust fund

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)



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Date: January 8th, 2018 12:58 PM
Author: Garnet racy dilemma half-breed

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: talented liquid oxygen trust fund

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: Purple space

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)



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Date: January 8th, 2018 1:03 PM
Author: Massive area

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: Garnet racy dilemma half-breed

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)



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Date: January 8th, 2018 1:02 PM
Author: Massive area

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)



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Date: January 8th, 2018 1:02 PM
Author: talented liquid oxygen trust fund

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: talented liquid oxygen trust fund

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

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



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Date: January 8th, 2018 1:59 PM
Author: curious box office



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



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Date: January 8th, 2018 1:04 PM
Author: cracking sepia rigor plaza

ITT: MAF nocoiners

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



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Date: January 8th, 2018 1:19 PM
Author: transparent supple principal's office athletic conference

Weren’t you a nocoiner a week ago

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



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Date: January 8th, 2018 1:31 PM
Author: cracking sepia rigor plaza

no I just wasn't on binance

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



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Date: January 8th, 2018 8:45 PM
Author: adventurous gay wizard temple



(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: Sick Opaque Locale Dopamine

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: High-end school cafeteria bbw

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)



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Date: January 8th, 2018 5:28 PM
Author: 180 emerald sandwich spot



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



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Date: January 8th, 2018 1:19 PM
Author: Blue big gas station place of business

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)



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Date: January 8th, 2018 1:24 PM
Author: Sick Opaque Locale Dopamine

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)



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Date: January 8th, 2018 1:11 PM
Author: cerebral bistre resort

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)



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Date: January 8th, 2018 1:44 PM
Author: transparent supple principal's office athletic conference

IRS doesn’t arrest people you idiots

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



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Date: January 8th, 2018 2:04 PM
Author: High-end school cafeteria bbw



(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: Purple space

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: Maniacal aqua step-uncle's house becky

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)



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Date: January 8th, 2018 2:15 PM
Author: Carmine home

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: Sick Opaque Locale Dopamine

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: High-end school cafeteria bbw

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: laughsome antidepressant drug

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: swashbuckling point ceo

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: glittery stead

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)



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Date: January 8th, 2018 5:40 PM
Author: House-broken Bawdyhouse

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)



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Date: January 8th, 2018 9:18 PM
Author: swashbuckling point ceo

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)



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Date: January 10th, 2018 11:20 PM
Author: Awkward vibrant tattoo



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



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Date: January 8th, 2018 10:01 PM
Author: submissive mahogany garrison

bitcoin.tax

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



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Date: January 10th, 2018 10:51 PM
Author: Spectacular flesh nursing home

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: cerebral bistre resort

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)



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Date: January 10th, 2018 11:29 PM
Author: Flickering Slap-happy Senate Mad Cow Disease

what in the world are you talking about

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



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Date: January 13th, 2018 12:54 AM
Author: Navy stubborn police squad stage



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



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Date: January 10th, 2018 10:51 PM
Author: Excitant Theatre

"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)



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Date: January 10th, 2018 10:54 PM
Author: orchid crackhouse selfie



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



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Date: January 10th, 2018 11:23 PM
Author: fishy apoplectic messiness public bath

looks like the gooks are solving that problem for us

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