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RE: The IRS is Gonna Getcha' BTC & Crypto Holders...Well, at Least 50% of You.

in #taxes7 years ago

Yes! I was reading it earlier - I didn't have anything intelligent to add so just left you an upvote. You realize absolutely no one wants to hear what you're saying though, right? ;-) Stop being so damn rational haha.
Luckily we know when it comes to gov't bureaucracy they are old and slow. That said, I'm sure they won't have any problems making very public examples of what can happen to those cryto-vestors who don't disclose everything.

I was reading the other day that the legal loophole not requiring one to report a trade of like things - ie BTC to Ether - was closed to now specify that it only applies to 'real property'. so technically we're supposed to report literally every crypto transaction - and if you don't keep records, you'll be taxed at whatever the current rate is.

Such a headache. Death and taxes, man :-(

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After all these years its true they want to tax World of Warcraft gold then lol.

Them changing such rules then will centrally make some insane court cases to follow.

Time for us all to turn into LLC’s.

But only a certain category of LLCs!
Tax on WoW - too funny !

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