What's the deal with taxes and crypto?
If I make 20k off NEO soon, will I get hammered by the IRS?
What do?
Crypto and Taxes
Carson Mitchell
Other urls found in this thread:
en.bitcoin.it
fortune.com
twitter.com
Landon Brown
Yes, anything above 1000 is plausible for government intervention
Daniel Evans
just ship gold bullion to a PO box
Ethan Martinez
Just input everything into a site like bitcoin.tax and it spits out everything you owe for you.
Lincoln Davis
>cashing in this early
A year from now NEO could be at $1000
Dominic Roberts
just convert everything to eth and sell on coinbase
tell the taxman you were mining and to fuck off
Juan Carter
>people dont read bitcoinwiki or use google for that matter
en.bitcoin.it
Samuel Sanders
capital gains is 20%.
you owe the IRS 4k
David Nguyen
Just hold for longer than a year and you only have to pay long term capital gains taxes, which are 0% if you're income is under 37k a year
Cooper Thompson
Real question:
Do I need to actually report anything even if I don't cash out or do I only report my trades when I cash out?