You guys are just joking around about tracking your trades for taxes, r-right guys?

just use an non us exchange, then use bitcoin ATM

what is the exact problem here?

Hey cracker we gonna be good friends right

>Download trades from exchange
Does Shapeshift and EtherDelta have a button for that?

This is true for USA and most other countries.

In Germany, you are taxed on every transaction, not just income. So you get boned much harder.

>tfw german and didn't know this

>cashing out
good lord does Veeky Forums not actually see btc as a genuine currency? why would i want to transfer back to a dying currency when more and more places are starting to accept btc as payment?

I'm in the UK, so fine for me...

those refugees aren't going to house themselves you know

Finanzamt won't give a fuck about below 10K.

if you hold crypto for over a year and then cash out you dont have to pay a cent

Pretty good advice, best post I've seen in this sub all day

Can't you go live in another country and tax out there?

After LINK and REQ make me rich I wanted to do this anyway

so when 1 btc is worth over 10k, what happens then?

oh shit

it is not allowed to move though. so no trading.

how about you never cash out. in 1-2 year you will be able to pay with the top ten cryptos for sure

This tho desu

even if it's not BTC why go back toa fucking debit card and mr fatcat bankster jew LOL

On the flipside, in D and Ö, if you hold for a year, you don't need to pay any taxes.
Americans don't have that.

not if you're an american...you're taxed on worldwide income. also, you can't just go live in another country...that's what residency visas are for

Wait is this true? How does this work?

>download 400 pages of trades and give it to your tax guy
lol

do we not have to pay crypto tax?

If you made trades between cryptos you owe taxes even if you never touched USD.

In my country it's 35% on capital gains. Fuck them I'm going to expat in 2018 and 2019 to a tax heaven before selling anything.

If you're American and made less than $37,950 then yeah, no long term capital gains tax. I think you still have to report it though. If you made over $37,950, you have to pay 15-20% capital gains tax.

What are they going to say, no? They get paid for that.

keep it all in crypto, cash out the minimum to survive. xx period of time later gz you are a multi millionaire you can do what the fuck you want

You still owe taxes if you pay for something using Crypto.

>no pay tax on over year Crypto trades
>This true?
This is absolutely false.

if you report in and comply and actually fucked up the worst that can happen is they will guess the tax you owe generously

man that's sucks to be a burger fag

I'm not joking about it and do it for every trade. I wont be going to prison like most of you fags.

I wont cash out until im a millionaire so... yeah.

anyone here has used bitcon.tax before?

>Taxes

What are they?

BTC isn't a currency any more.

No joke, you pay taxes. Not until you cash out though. I’m not cashing out this year anyway, might next year if My shit moons hard. If that’s the case then I’ll be doing taxes in 2019, and we should have some more concrete laws on the books regarding cryptos

I really really hope they dont flip this law, hope luck is on our side fellows

>living in a cucked country
you deserve this, India №1

K user-fag mode deactivated.

Guys...you are fucking retarded if you arent tracking each trade.

Cointracking.info and other sites (though I use this one and recommend it) will let you import automatically trade data via exchanges API, or you can import the trade history as an excel file, most if not all exchanges provide its option built in.

Yes, made 30k profit in token, paying like 3k in capital gains.

The site I mentioned even has a tax-export feature that automatically does teh tax part and lets you even import it into popular tax programs.

Just write off a bunch of fake shit for your LLC and get it the money back in your tax return :)

Yes, everyone should have a LLC even if they dont do shit with it. EZ & fuck the government

Now you know why were actually told to hold faggot
Now you know why day trading is an actual job and some part time shit you can do on the side while you neet it up irl

This, plus most "tax guys" just use programs to do it anyways

If I, let's say, Invest $1000 and trade, so that I have in the end $3000. Sometimes I lost money, but most of the time I gained.
That means, if I have to pay 25% on gains I owe to the state:

(3000-1000)*0.25 = 500 USD

The money you use to go to third world countries and be treated the way you do...

this is it. period. hurr durr every trade is taxed. no it's not. you are taxed on fiat profit only. period. PERIOD. FUCKING PERIOD. kys tax FUDers.

It is in Germany so all the autistic Teuton fucks have been spreading this nonsense around to a majority American website.

Claim that you lost everything due to bad trades
Buy Monero
Profit

what if you just hold a lot of assests long term. esepcially after the alt all moon. occasionally cashing out at atms for a lil me time

American majority website

ftfy

jokes on you I have 0 profit. Rip $30k though

Bitcoin is unusable as a currency.

True if you're living in Germany.

why is she wearing heels when she's at home?

this entire tax thing is fucked up big time
according to recent IRS guidelines the following situation is possible
>you bought btc back in the day cheap and now it's worth $300k, you put all that btc into a shitcoin that crashes to 0, you still owe 20% or so of that 300k to the IRS fucks because
>hurr you realized your gain by buying a different coin
so in order to noe get cucked you are FORCED to sell that shitcoin at a total loss to REALIZE THE LOSS so you don't owe any taxes
it's fucking retarded, you'll have people selling at a loss on december 31st to realize their losses just to buy it back 1 day later.
Also good luck tracking not only the trades but also all the wallet transfers because
>hurr durr how did you end up having this btc on that exchange etc

those fucking dinosaurs from IRS need to wake the fuck up if they want to have any tax payers

In Switzerland we dont have that jewish capital gains tax. Enjoy getting milked by your shitty government

Source on that?

t. Ö-Fag

>transfer bitcoin to monero
>make 10 monero wallets
>cycle money through them
>shapeshift to bitcoin
>localbitcoins to cash
>pay all bills in cash but let paychecks from job accumulate in bank without touching it

If you're ever asked, no one can prove that you have sold your crypto.

I track every trade because of my autism. Having a record for the taxman was just a bonus.

I have made one trade in cryptocurrency.
A large buy order.

this
but if you ever make it big, and want to buy real estate with your btc that you couldn't afford with your regular jobs, there is no other way around than paying the jewtax unfortunately

Holy fuck my sides

Literal cuckolds itt

Erfolgt hingegen keine zinstragende Veranlagung, sind Kryptowährungen als Spekulationsgeschäft gemäß § 31 EStG dann steuerrelevant, wenn der Zeitraum zwischen Anschaffung und Veräußerung nicht mehr als ein Jahr beträgt.

bmf.gv.at/steuern/kryptowaehrung_Besteuerung.html

nicht mal nur ansatzweise hausaufgaben gemacht?

Simple yeah. It’s a bitch having to send every single trade though.

Assuming you don't make it really big, you could get a mortgage within your means and still do the same, assuming that the interest you pay on the mortgage is less than the tax. But yeah, unless the lambo dealer starts accepting btc we're sol. Still, that's what I'd call a "good problem". (also this is pure conjecture on my part. I've never done any of this so if you get your door kicked in by the feds it's your own damn fault.)

Danke vielmals, hatte die Page mal überflogen und hab das wohl übersehen.