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What would you do with...

HFO4 said:
The whole point of being on a blockchain and a cashless society is so everything can be tracked and taxed, imho

but to answer your question, If you receive the 1099, they did too...
Click to expand...
So say I bought 5 BTC......@ 80k and BTC goes back to 120-130k
then I sell and somehow turn BTC into cash... I would get a 1099 for capital
gains, just like selling stock?
 
Bolan said:
So say I bought 5 BTC......@ 80k and BTC goes back to 120-130k
then I sell and somehow turn BTC into cash... I would get a 1099 for capital
gains, just like selling stock?
Click to expand...
yes. thats my understanding Bolan, I could be wrong, I believe its based on how much profit you make that qualifies you for a 1099. I use an accountant and would ask him.
 
HFO4 said:
yes. thats my understanding Bolan, I could be wrong, I believe its based on how much profit you make that qualifies you for a 1099. I use an accountant and would ask him.
Click to expand...
Because I was thinking that this Crypto thing, you can get away without
paying taxes....lol
 
Bolan said:
Because I was thinking that this Crypto thing, you can get away without
paying taxes....lol
Click to expand...
That would be awesome 👏🏼
I can tell you I’ve never gotten a 1099 from any exchange and I’ve profited nowhere close to you so let’s keep hoping there’s no tax law in place💯❤
 
they want to tax your crypto, stock and property gains even if you dont cash it out. if that ever happens we are all fugd
 
@Bolan @HFO4

If you buy BTC, make gains, but don’t sell? No gain tax.

If you buy BTC, make gains and sell? Yes gain tax.


HODL, never sell. 🙂
 
Jbswole40 said:
I just make an offer at the news cast lady..
A win is a win..lol
Damn im horny.
I just posted about that fine ass at&t woman on other thread.
im horny work out GIF
Click to expand...
Be careful man. Keep your gaydar on. That twink in the cutoff tank top is watching you. 🤣
 
Omoplata said:
@Bolan @HFO4

If you buy BTC, make gains, but don’t sell? No gain tax.

If you buy BTC, make gains and sell? Yes gain tax.


HODL, never sell. 🙂
Click to expand...
What are you talking about? You sell at top of cycle and buy at lows. I've done that since the inception of Bitcoin. That is how you make money. The tax is nothing in comparison to the ridiculous gains over the years. HODL is how you lose via inflation and missing out on other investments.
 
I'd buy guns in Africa . Id hire African mercinaries to wipe out a village . Slowly but surely id rule Africa . That's what i would invest in . For 100knyiu can rule Africa

Sent from my CPH2515 using Tapatalk
 
HFO4 said:
Man thats brassballs…. go big or go home

I dont understand the T billl part but I get the 3.33 BTC

What do you think BTC will go to? I still have this feeling of possible rug pull in crypto. Not all digital currency just BTC

Idk why, have no real particular reason to think that way I just dont trust BTC for various reasons
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I think it’ll crash this next year. It repeats the same 4 year cycle over and over. Buy low at $30k, then it’ll hit new highs at the halving in March/April 2028.
 
Meetketchup said:
What are you talking about? You sell at top of cycle and buy at lows. I've done that since the inception of Bitcoin. That is how you make money. The tax is nothing in comparison to the ridiculous gains over the years. HODL is how you lose via inflation and missing out on other investments.
Click to expand...
Oh I’m sorry, I didn’t simplify it for you. I was talking about how I invest. If I wanted to know yours, I would’ve asked. 🙂
 

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