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RE: IRS Still Going After 500,000 Coinbase Users Bitcoin Profits
I'm glad to see this happening and all of the bitcoin holders who say >>> "The moneyrunners never pay their fair share of taxes!" should be happy about it too. So you liquidated $100K in bitcoin and STEEM and converted it to dollars so you could buy that "neato" homestead in Arkansas huh? Well here's "hoping" you can time buying the low for the current selloff better than you timed your real estate purchase. Else you will be sitting on a homestead that's worth half what you paid in 1 year, plus you STILL owe the IRS $35K in capital gains taxes on your capital gains in your crypto sales. Yes, I'll be a buyer of your homestead if it drops another 15% in value. :-)