Crypto Taxes Tread

This thread is deticated to talking about crypto taxes and how to decrease the amount you have to pay as much as possible.

I have a dumb question, how does the goverment tax trades between two diffrenet cryptos?

Other urls found in this thread:

bitflur.com
irs.gov/pub/irs-pdf/f8949.pdf
discord.gg/FN6pVrn
twitter.com/SFWRedditGifs

Honest question.

I know how much money I put into crypto, using all my bank/card statements.

I know how much fiat I now have, and the overall worth of my crypto portfolio. Why can't I just calculate the taxable profit based on that?

Another honest question, is there a possible way for taxes to get you, such that you are actually net negative?

Lets say you made some profits, and them some losses, but in a way that at the end, you owe taxes but have not actually earned anything.

threadly reminder taxation is theft
glow in the dark IRS NIGGERS can eat a fucking dick because they ain't getting shit from me

Another honest question. What happens if you lost coins during a transfer. Lets say you put the wrong address or something when trying to exchange?

You only have to pay taxes when you cash out for capital gains.

bitflur.com

you’re welcome

What's this supposed to be?

stick to a trading platform like localbitcoins or bitflur

Not in 2018 thanks to lord trump and the red gang