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re: Taxes and Crypto
Posted on 2/8/21 at 9:23 pm to HurricaneDunc
Posted on 2/8/21 at 9:23 pm to HurricaneDunc
Just did my taxes today. My CPA told me they are about to find out everyone who has Bitcoin. He was not trying to scare me and is really smart. He had to ask me and we were talking about it. I don't have any but he did mention IRS subpoenaing them. Idk how it all works with Bitcoin and I don't have any so I am probably missing some details as I wasn't paying attention as much. You know they want that tax money so I'm sure they will find a way just no telling how long.
This post was edited on 2/9/21 at 7:26 am
1
Posted on 2/8/21 at 9:26 pm to ReadyPlayer1
Hypothetically, I’m mixed on what someone with crypto holdings but potentially no gains would do here with their bullshite yes/no question. People don’t have to identify non taxable events such as buying stock and not selling it.
Beyond that, wondering how people with gains will handle this.
Beyond that, wondering how people with gains will handle this.
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