Like the cryptokittens?
Excuse me
Charles Reyes
Ian Barnes
>according to the irs you need to pay on every trade
where does it say this anywhere?
Brody Hernandez
fuck off
god damnit, now what the fuck am I suppose to do
Zachary Anderson
If you see plebbit threads with some fag CPA saying this.
It should be like kind but this is the Fed government. They aren't going to do any non Mitt Romney types any favors. They have classified it as Wall St stock trades of securities which means every trade is realized gains.
It's fucking dumb. I know it sounds like FUD but I'm not trolling. I don't like this either.
Leo Russell
>In IRS Notice 2014-21, the IRS announced that bitcoin and other digital currency is actually property for tax purposes
irs gets to interpret the law how they want, they say something is so, and until it's successfully challenged in court it might as well be
Joseph Hughes
anyone who isn't buying the fuck out of VTC after seeing this LTC rise is destined to be poor.
Jack Jenkins
Technically you're supposed to cash out 30 percent of your gains before you trade so you know you have that cash to pay the tax man.
The nightmare scenario is that trade say XMR which you made 100k on to go all in on ADA. ADA tanks to like almost zero. You now have no money but still owe 30k to the IRS. Not FUD, this shit has happened to dotcom types when they exercised stock options and didn't pay the tax and then the stock tanked and they owed a shitload of money.
Cooper Watson
> 15 ether
> bought at $50 each
Always curse myself for not buying more
Adam Russell
There's gigantic sell walls infront of ETH. Is this even favourable for a moon mission?
Nicholas Allen
Begone Angel