please tell me i will only have to pay taxes when i cash out
Taxes
Leo Morales
Jackson Mitchell
yes. and fuck ever cashing out. this is all about that BTC and the crypto future baby
Landon Gutierrez
Nope, swapping between altcoins is taxable
Just pay your fucking taxes and enjoy the fact that you won't have tip toe around the IRS for the rest of your life like a retard
Isaiah Ortiz
It's actually not taxable as far as I know.
It's like-for-like.
Luis Wood
Damn right, user.
I'm doing everything I can to get it so that I can buy tobacco, gasoline, and alcohol with crypto in my city.
Lots of folks are interested, especially now that I said "watch the price of BTC, it's going to take a huge shit a week or two before August 1, but then it'll go pretty nuts afterward. I'm going to be buying all the way down and I aint selling til 20k if there's even a reason to sell at that point. Here I was about to give you $35 in BTC which will be worth 100$ in no-time, but because you're a nocoiner faggot, you're missing out."
Gained me some street cred. Fuck yeah, user, we're doing it!
Nathaniel Butler
what if i just pay capital gains when i pull out for my lambo?
Jacob Thompson
it's taxable, but only if you cash out into fiat. if you never cash out, there's nothing to fucking tax.
Xavier Long
Like kind exchange noob
Justin Walker
so as long as i keep it in crypto i wont have to pay taxes
Jayden Moore
>Buying all the way down
You're supposed to go in at the first sign of an uptrend,you'll gain more profit if you dont FOMO