my CPA just told me i owe over 400k in taxes for 2017 and i don't even have half that much money
my initial investment went from 40k to about 1million in 2017 but then in january/feb i'm down under around 300k with this BTC crash and losing a bunch of money in some alts due to the btc crash
i had no fucking idea short term gains tax in the US was this stupid. Veeky Forums and twitter dudes told me crypto to crypto trades wasn't a taxable event in 2017
if cashing out crypto was your only form of income, your taxes are greatly reduced. if you're a wagecuck on top of crypto then yeah, you're fucked.
Dylan Butler
so its called capital gains tax, if you lost money then you didnt gain, are people really this fucking stupid
Luke Richardson
please explain, i've been unemployed for over 5 years
Dominic Martinez
How much did you actually cash out to USD though?
Jordan Morgan
how the fuck can you owe more in taxes then you even have in cryptos right now? jesus I thought we europoors were getting fucked but Im not paying anything unless I cash out and then its tax free after one year
Angel Hill
I think its time you flee to Germany.. Just tell them your name is Muhammed and you're a teenager. You'll be given free boarding with a Roastie and usa will not know.
Nathan Hernandez
i never did cash out to USD ever
Jeremiah Morgan
That’s what you get for not killing libshits
Might as well take down some nogs while before you off yourself
Robert Harris
So, why are you paying taxes then? Unless I'm being b8d right now
