tell the irs how you feel no one will judge you here.
ETERNAL IRS HATE THREAD DAY#001
Adrian Turner
Other urls found in this thread:
Brandon Martin
Evade taxes, use Bitcoin.
Aaron Clark
So when we eventually cash out as multi-millionaires in btc, how do we use it as fiat?
I mean, I'm not trying to be a ''''cuck'''' but I'm also not trying to be audited by the IRS.
What do to keep my millions?
Cameron Russell
Gold
Colton Davis
Btc to USD to buy gold online..?
I can't buy my burgers with gold though...
Gabriel Sullivan
>I can't buy my burgers with gold though...
Of course you can:
bitgold.com
Mason Bailey
BTC to gold to usd
Michael Hall
I've been wondering this too. If any of my current crytpo investments pan out....
Option 1:
Wait until trumps lower tax brackets are in effect to convert to USD (coinbase). At which point I'd have to declare it as income (as I understand it). I'd only do enough each year to stay in my current tax bracket.
Pretty cucky...
Option 3:
Sell as much as you can all the time through local BTC/craigslist or whatever. Pay for everything you can in cash, use your official "paycheck" money for mortgage or whatever with a paper trail.
Could be a pain in the ass depending on how much I'd have to move. Also could be dangerous/get jacked.
Option 2:
Just keep it in BTC, eventually you'll be able to spend it everywhere.
May be a while...
Pipe dream anyway, my stash hasn't gained much at the moment.
Wyatt Anderson
I believe it's classified as capital gains
If you start a mining company you can claim it as income even if you aren't really mining
Robert Smith
Does Coinbase send your transaction info to the IRS? I sold around $16k worth of BTC but a lot of that came from another exchange and so while it looks like I might have made money, I actually lost quite a bit ($650 buy in, $550 sell)